Common use of RENT & LATE CHARGE Clause in Contracts

RENT & LATE CHARGE. For purposes of this Lease, all sums due from Tenant, including, but not limited to, Base Rent, Tenant’s Proportionate Share of Operating Expenses, and Tenant’s Proportionate Share of Taxes, shall be deemed to be “rent” whether or not specifically designated as such. Tenant shall pay all sales and use taxes levied or assessed against all rent payments due under this Lease simultaneously with each such rent payment. If any payment due from Tenant shall be overdue by more than ten (10) days, a late charge of ten (10%) percent of the delinquent sum may be charged by Landlord. If any payment due from Tenant shall remain overdue for more than ten (10) days, an additional late charge in an amount equal to the Default Rate (as hereinafter defined) of the delinquent amount may be charged by Landlord, such charge to be computed for the entire period for which the amount is overdue and which shall be in addition to and not in lieu of the late charge or any other remedy available to Landlord. If any check from Tenant is returned by the bank for non-payment due to insufficient funds, Tenant shall pay all expenses incurred by Landlord as a result thereof. No payment by Tenant or receipt by Landlord of rent hereunder shall be deemed to be other than on account of the amount due, and no endorsement or statement on any check or any letter accompanying any check or payment of rent shall be deemed an accord and satisfaction, and Landlord may accept such check as payment without prejudice to Landlord’s right to recover the balance of such installment or payment of rent or pursue any other remedies available to Landlord.

RENT & LATE CHARGE. For purposes The total rent that the Tenants agree to pay to the Landlord for the premises for the term is $ _. Tenants agree that this total rent is due upon execution of this Leaselease; however, all sums due from Tenantfor the convenience of the Tenants, including, but not limited to, Base Rent, Tenant’s Proportionate Share of Operating Expenses, and Tenant’s Proportionate Share of Taxes, this rent shall be deemed paid by the Tenants to the Landlord in installments as outlined in Addendum A -­‐ Payment Schedule attached hereto. Rent is always due on the first of the month regardless of the lease commencement date. Acceptance of partial payments from some Tenants does not relieve such Tenants from the full liability for the entire rents or as to shares owed by other joint and several Tenants. On execution of this lease, Tenants agree to pay to the Landlord the last two months' rental installments unless otherwise agreed in writing, said payments to be “rent” whether or not specifically designated as suchconsidered a reservation fee due on execution until occupancy when said payments will be considered rent due and paid. Tenant shall pay all sales and use taxes levied or assessed against all rent payments due under this Lease simultaneously with each such rent payment. If any payment due from Tenant shall be overdue by more than ten (10) days, a A late charge of ten (10%) percent 5% of the delinquent sum total rental installment will be assessed on the sixth (6th) calendar day of the month if any rent installment is not received by the Landlord on or before the fifth calendar day of the month. An additional 5% of the total rental installment will be assessed if the rent remains unpaid after the fifteenth (15th) calendar day of the month. Said late charges shall become due and payable immediately upon notice, and if not so paid, may be charged deducted by the Landlord from the security deposit. A charge of $25.00 will be made by the Landlord for each check of the Tenants returned after presentment. Said charge will be due and payable upon notice from Landlord, and if not so paid, may be deducted by the Landlord from the security deposit. All rent installments must be paid in full when due without setoff, deduction or reduction for any reason. If Tenants make payment of any payment due from Tenant shall remain overdue for more than ten (10) days, an additional late charge rent installment in an amount equal to the Default Rate (as hereinafter defined) of the delinquent amount may be charged by Landlord, such charge to be computed for the entire period for which the amount is overdue and which shall be in addition to and not in lieu of the late charge or any other remedy available to Landlord. If any check from Tenant is returned by the bank for non-payment due to insufficient funds, Tenant shall pay all expenses incurred by Landlord as a result thereof. No payment by Tenant or receipt by Landlord of rent hereunder shall be deemed to be other less than on account of the amount that due, and no endorsement or statement on any check or any letter accompanying any check or payment of rent shall be deemed an accord and satisfaction, and Landlord may accept same, but shall not be bound by any restrictive endorsement, nor any statement, or otherwise to the effect that such check payment is made in full satisfaction of the amounts then due. Notwithstanding such acceptance by the Landlord, the Landlord may avail itself of any other legal remedies it may have. If Tenant makes any payments hereunder, and then fails to occupy the premises or fails to comply with any other term or requirement of this lease, Landlord may keep such payments as payment partial liquidated damages. Notwithstanding retention of such payments as partial liquidated damages, the Landlord shall have; in addition, any other rights afforded Landlord hereunder against the Tenant for breach of this lease. In addition, if the first month's rent installment, and/or the last month's rent installment, and/or the security and damage deposit are required to be paid at the time of execution of this lease and are not paid at such time, or if such payments are to be made pursuant to the agreed upon Payment Schedule-­‐Addendum A attached hereto and made a part hereof and such payments are not made at the time set forth in such schedule, then the Landlord reserves the right at any time after the time by which such payments should have been made, to give the Tenants, or any of the Tenants, five (5) days written notice, by certified mail, return receipt requested, that if the deficiencies in these amounts are not paid in full and received by the Landlord by the end of such five (5) day notice period then the Landlord may rent the demised premises to others and may retain any amounts paid by Tenants to that date as partial liquidated damages and, in addition, may seek to enforce any other rights the Landlord may have against the Tenant, including but without prejudice to Landlord’s limitation, the right to recover the balance of such installment or payment of rent or pursue any other remedies available to Landlordterminate this lease.

RENT & LATE CHARGE. For purposes The total rent that the Tenants agree to pay to the Landlord for the premises for the term is $ , Tenants agree that this total rent is due upon execution of this Leaselease; however, all sums for the convenience of the Tenants, this rent shall be paid by the Tenants to the Landlord in installments as outlined in Addendum A - Payment Schedule attached hereto. Rent is always due no later than the first of the month regardless of the lease commencement date. Acceptance of partial payments from Tenant, including, but some Tenants does not limited to, Base Rent, Tenant’s Proportionate Share relieve such Tenants from the full liability for the entire rents or as to shares owed by other joint and several Tenants. A late charge of Operating Expenses2.5%/day of the total portion of unpaid rental installment will be assessed on the sixth (6th) calendar day of the month and everyday thereafter if any rent installment is not received by the Landlord on or before the fifth calendar day of the month. An additional 5% of the total rental installment will be assessed if the rent remains unpaid after the fifteenth (15th) calendar day of the month. Said late charges shall become due and payable immediately upon notice, and Tenant’s Proportionate Share if not so paid, may be deducted by the Landlord from the security deposit. A charge of Taxes$75.00 will be made by the Landlord for each check of the Tenants returned after presentment. Said charge will be due and payable upon notice from Landlord, shall be deemed to be “rent” whether or and if not specifically designated as such. Tenant shall pay all sales and use taxes levied or assessed against all rent payments due under this Lease simultaneously with each such rent payment. If any payment due from Tenant shall be overdue by more than ten (10) dayspaid, a late charge of ten (10%) percent 2.5%/day of the delinquent sum may total portion of unpaid rental installment plus the return check fee will be charged by Landlordassessed. All rent installments must be paid in full when due without setoff, deduction or reduction for any reason. If Tenants make payment of any payment due from Tenant shall remain overdue for more than ten (10) days, an additional late charge rent installment in an amount equal to the Default Rate (as hereinafter defined) of the delinquent amount may be charged by Landlord, such charge to be computed for the entire period for which the amount is overdue and which shall be in addition to and not in lieu of the late charge or any other remedy available to Landlord. If any check from Tenant is returned by the bank for non-payment due to insufficient funds, Tenant shall pay all expenses incurred by Landlord as a result thereof. No payment by Tenant or receipt by Landlord of rent hereunder shall be deemed to be other less than on account of the amount that due, and no endorsement or statement on any check or any letter accompanying any check or payment of rent shall be deemed an accord and satisfaction, and Landlord may accept same, but shall not be bound by any restrictive endorsement, nor any statement, or otherwise to the effect that such check payment is made in full satisfaction of the amounts then due. Notwithstanding such acceptance by the Landlord, the Landlord may avail itself of any other legal remedies it may have. If Tenant makes any payments hereunder, and then fails to occupy the premises or fails to comply with any other term or requirement of this lease, Landlord may keep such payments as payment partial liquidated damages. Notwithstanding retention of such payments as partial liquidated damages, the Landlord shall have; in addition, any other rights afforded Landlord hereunder against the Tenant for breach of this Lease. In addition, the security and damage deposit is required to be paid at the time of execution of this lease and if it is not paid at such time, or if such payments are to be made pursuant to the agreed upon Payment Schedule-Addendum A attached hereto and made a part hereof and such payments are not made at the time set forth in such schedule, then the Landlord reserves the right at any time after the time by which such payments should have been made, to give the Tenants, or any of the Tenants, five (5) days written notice, that if the deficiencies in these amounts are not paid in full and received by the Landlord by the end of such five (5) day notice period then the Landlord may rent the demised premises to others and may retain any amounts paid by Tenants to that date as partial liquidated damages and, in addition, may seek to enforce any other rights the Landlord may have against the Tenant, including but without prejudice to Landlord’s limitation, the right to recover the balance of such installment or payment of rent or pursue any other remedies available to Landlordterminate this Lease.

RENT & LATE CHARGE. For purposes unless the term is ended sooner as provided elsewhere in this The total rent that the Tenants agree to pay to the Landlord for the premises for the term is $ , Tenants agree that this total rent is due upon execution of this lease; however, for the convenience of the Tenants, this rent shall be paid by the Tenants to the Landlord in installments as outlined in Addendum A - Payment Schedule attached hereto. Rent is always due no later than the first of the month regardless of the lease commencement date. Acceptance of partial payments from some Tenants does not relieve such Tenants from the full liability for the entire rents or as to shares owed by other joint and several Tenants. A late charge of 2.5%/day of the total portion of unpaid rental installment will be assessed on the sixth (6th) calendar day of the month and everyday thereafter if any rent installment is not received by the Landlord on or before the fifth calendar day of the month. An additional 5% of the total rental installment will be assessed if the rent remains unpaid after the fifteenth (15th) calendar day of the month. Said late charges shall become due and payable immediately upon notice, and if not so paid, may be deducted by the Landlord from the security deposit. A charge of $75.00 will be made by the Landlord for each check of the Tenants returned after presentment. Said charge will be due and payable upon notice from Landlord, and if not so paid, may be deducted by the Landlord from the security deposit. All rent installments must be paid in full when due without setoff, deduction or reduction for any reason. If Tenants make payment of any rent installment in an amount less than that due, Landlord may accept same, but shall not be bound by any restrictive endorsement, nor any statement, or otherwise to the effect that such payment is made in full satisfaction of the amounts then due. Notwithstanding such acceptance by the Landlord, the Landlord may avail itself of any other legal remedies it may have. If Tenant makes any payments hereunder, and then fails to occupy the premises or fails to comply with any other term or requirement of this lease, Landlord may keep such payments as partial liquidated damages. Notwithstanding retention of such payments as partial liquidated damages, the Landlord shall have; in addition, any other rights afforded Landlord hereunder against the Tenant for breach of this Lease. In addition, all sums due from the security and damage deposit is required to be paid at the time of execution of this lease and if it is not paid at such time, or if such payments are to be made pursuant to the agreed upon Payment Schedule-Addendum A attached hereto and made a part hereof and such payments are not made at the time set forth in such schedule, then the Landlord reserves the right at any time after the time by which such payments should have been made, to give the Tenants, or any of the Tenants, five (5) days written notice, that if the deficiencies in these amounts are not paid in full and received by the Landlord by the end of such five (5) day notice period then the Landlord may rent the demised premises to others and may retain any amounts paid by Tenants to that date as partial liquidated damages and, in addition, may seek to enforce any other rights the Landlord may have against the Tenant, includingincluding but without limitation, but not limited to, Base Rent, Tenant’s Proportionate Share of Operating Expenses, and Tenant’s Proportionate Share of Taxes, shall be deemed to be “rent” whether or not specifically designated as such. Tenant shall pay all sales and use taxes levied or assessed against all rent payments due under this Lease simultaneously with each such rent payment. If any payment due from Tenant shall be overdue by more than ten (10) days, a late charge of ten (10%) percent of the delinquent sum may be charged by Landlord. If any payment due from Tenant shall remain overdue for more than ten (10) days, an additional late charge in an amount equal to the Default Rate (as hereinafter defined) of the delinquent amount may be charged by Landlord, such charge to be computed for the entire period for which the amount is overdue and which shall be in addition to and not in lieu of the late charge or any other remedy available to Landlord. If any check from Tenant is returned by the bank for non-payment due to insufficient funds, Tenant shall pay all expenses incurred by Landlord as a result thereof. No payment by Tenant or receipt by Landlord of rent hereunder shall be deemed to be other than on account of the amount due, and no endorsement or statement on any check or any letter accompanying any check or payment of rent shall be deemed an accord and satisfaction, and Landlord may accept such check as payment without prejudice to Landlord’s right to recover the balance of such installment or payment of rent or pursue any other remedies available to Landlordterminate this Lease.