Common use of Rent; Net Lease Clause in Contracts

Rent; Net Lease. Tenant agrees to pay Landlord at Xxxxxxxx's address or at such other place designated by Landlord by written notice to Tenant the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof and in the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "net lease," it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises, including reimbursement of an asset management fee equal to two percent (2%) of the Rent. If Rent is not received as provided above, a late charge shall be payable by Xxxxxx as provided in Paragraph 13.4. In the event that a late charge is payable, whether or not collected, two times in any twelve month period, then Rent shall automatically become due and payable quarterly in advance, rather than monthly.

Rent; Net Lease. Tenant agrees to pay Landlord at XxxxxxxxLandlord's address address, or at such other place designated by Landlord by written notice to Tenant Tenant, the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof and in hereof. In the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "net lease," "; it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises, including reimbursement of an asset management fee equal to two percent (2%) of the Rent. If Rent is not received as provided aboveabove and on or before the first day of each calendar month, a 6% late charge shall be payable by Xxxxxx Tenant as provided in Paragraph 13.413.4 to compensate Landlord for expense incurred by Landlord for recordkeeping and collection. In the event that a late charge is payable, whether or not collected, two four times in any twelve six month period, then Rent shall automatically become due and payable quarterly in advance, rather than monthlyadvance for the next twelve month period.

Rent; Net Lease. Tenant Xxxxxx agrees to pay Landlord at Xxxxxxxx's address or at such other place designated by Landlord by written notice to Tenant the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof and in hereof. In the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "net lease," it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises, including reimbursement of an asset management fee equal to two percent (2%) of the Rent. If Rent is not received as provided above, a late charge shall be payable by Xxxxxx as provided in Paragraph 13.4. In the event that a late charge is payable, whether or not collected, two times in any twelve month period, then Rent shall automatically become due and payable quarterly in advance, rather than monthly.

Rent; Net Lease. Tenant agrees to pay Landlord at XxxxxxxxLandlord's address address, or at such other place designated by Landlord by written notice to Tenant Tenant, the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof and in hereof. In the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "net lease," "; it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises, including reimbursement of an asset management fee equal to two percent (2%) of the Rent. If Rent is not received as provided aboveabove and on or before the fifth day of each calendar month, a 6% late charge shall be payable by Xxxxxx Tenant as provided in Paragraph 13.413.4 to compensate Landlord for expense incurred by Landlord for record keeping and collection. In the event that a late charge is payable, whether or not collected, two three times in any twelve month period, then Rent shall automatically become due and payable quarterly in advance, rather than monthlyadvance for the next twelve month period.