Common use of Rent Payable Clause in Contracts

Rent Payable. During the term, the Tenant shall pay to the Landlord at its office at the University of Toronto Mississauga Student Housing & Residence Life: Xxxxx Xxxxxxxx Hall, Suite 120, 3359 Mississauga Road, or at such place as the Landlord may designate, the total monthly rent (hereinafter called the "Rent"), in the form of personal cheque, certified cheque, money order, or debit/credit card set out in this paragraph on or before the 1st day of each and every month. (a) For Tenants with an Accessible Campus Online Resource Network (ACORN) account: All other outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.) will be charged to the Tenant’s ACORN account. The Tenant does not have the authority to dictate in what manner payments are applied. Rent is paid by visiting the Residence Services Desk located in Xxxxx Xxxxxxxx Xxxx, or the Tenant can set up Pre-Authorized payments by filling a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents (b) For Tenants without an Accessible Campus Online Resource Network (ACORN) account: Rent and all other charges can be paid at the Residence Services Desk located in Xxxxx Xxxxxxxx Hall, or the Tenant can set up Pre-Authorized payments by completing a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents. If the Tenant is at any point in arrears of Rent and/or any other amount due and owing to the Landlord, the Tenant agrees that subsequent payments made by him/her to reduce the arrears owed shall be applied first to the oldest outstanding Rent and second to outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.). The Tenant may not dictate the manner in which payments are applied. A payment plan request form is available, should the Tenant be unable to pay rent by the set deadline. Payment plan requests are reviewed on a case-by-case basis. Approval or denial of a payment plan request is at the sole and absolute discretion of Student Housing & Residence Life. A maximum of one payment plan per household is permitted in the duration of their continued occupancy. The Tenant shall pay at the time that this Lease is signed, in the form of certified cheque, money order, or debit/credit card, a deposit equal to a full month's Rent. Such deposit will be applied as prepaid Rent towards the Rent for the last month of the tenancy. Upon receipt of a Non-Sufficient Funds (NSF) personal cheque, the Landlord will not thereafter accept subsequent personal cheques, unless certified, from the Tenant. Rent payments returned to the Landlord from the bank will result in a $75.00 service charge. In the event the occupancy of the Leased Premises is taken prior to the 1st day of the start of the Lease, the Tenant agrees to pay a daily rate of $50.00 for each day of occupancy. In the event the Tenant does not vacate the Leased Premises by the end date and time set out above, and the Tenant has not signed a new Lease for the subsequent academic year, the Tenant agrees to pay a daily rate of $100.00 for each day of occupancy. In both situations, the Tenant must submit a request in writing to the Landlord for permission to occupy the space outside of the Lease period, which request may be denied by the Landlord in its sole and absolute discretion. If permission is granted the rates will apply, if permission is not granted the Tenant may not occupy the premises outside of the Lease dates.

Rent Payable. During the term, the Tenant shall pay to the Landlord at its office at the University of Toronto Mississauga Student Housing & Residence Life: Xxxxx Xxxxxxxx HallXxxx, Suite 120000, 3359 Mississauga Road0000 Xxxxxxxxxxx Xxxx, or at such place as the Landlord may designate, the total monthly rent (hereinafter called the "Rent"), in the form of personal cheque, certified cheque, money order, or debit/credit card set out in this paragraph on or before the 1st day of each and every month. (a) For Tenants with an Accessible Campus Online Resource Network (ACORN) account: All other outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.) will be charged to the Tenant’s ACORN account. The Tenant does not have the authority to dictate in what manner payments are applied. Rent is paid by visiting the Residence Services Desk located in Xxxxx Xxxxxxxx Xxxx, or the Tenant can set up Pre-Authorized payments by filling a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents (b) For Tenants without an Accessible Campus Online Resource Network (ACORN) account: Rent and all other charges can be paid at the Residence Services Desk located in Xxxxx Xxxxxxxx HallXxxx, or the Tenant can set up Pre-Authorized payments by completing a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents. xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents If the Tenant is at any point in arrears of Rent and/or any other amount due and owing to the Landlord, the Tenant agrees that subsequent payments made by him/her to reduce the arrears owed shall be applied first to the oldest outstanding Rent and second to outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.). The Tenant may not dictate the manner in which payments are applied. A payment plan request form is available, should the Tenant be unable to pay rent by the set deadline. Payment plan requests are reviewed on a case-by-case basis. Approval or denial of a payment plan request is at the sole and absolute discretion of Student Housing & Residence Life. A maximum of one payment plan per household is permitted in the duration of their continued occupancy. The Tenant shall pay at the time that this Lease is signed, in the form of certified cheque, money order, or debit/credit card, a deposit equal to a full month's Rent. Such deposit will be applied as prepaid Rent towards the Rent for the last month of the tenancy. Upon receipt of a Non-Sufficient Funds (NSF) personal cheque, the Landlord will not thereafter accept subsequent personal cheques, unless certified, from the Tenant. Rent payments returned to the Landlord from the bank will result in a $75.00 service charge. In the event the occupancy of the Leased Premises is taken prior to the 1st day of the start of the Lease, the Tenant agrees to pay a daily rate of $50.00 for each day of occupancy. In the event the Tenant does not vacate the Leased Premises by the end date and time set out above, and the Tenant has not signed a new Lease for the subsequent academic year, the Tenant agrees to pay a daily rate of $100.00 for each day of occupancy. In both situations, the Tenant must submit a request in writing to the Landlord for permission to occupy the space outside of the Lease period, which request may be denied by the Landlord in its sole and absolute discretion. If permission is granted the rates will apply, if permission is not granted the Tenant may not occupy the premises outside of the Lease dates.

Rent Payable. During the term, the Tenant shall pay to the Landlord at its office at the University of Toronto Mississauga Student Housing & Residence Life: Xxxxx Xxxxxxxx Hall, Suite 120, 3359 Mississauga Road, or at such place as the Landlord may designate, the total monthly rent (hereinafter called the "Rent"), in the form of personal cheque, certified cheque, money order, or debit/credit card set out in this paragraph on or before the 1st day of each and every month. (a) For Tenants with an Accessible Campus Online Resource Network (ACORN) account: All other outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.) will be charged to the Tenant’s ACORN account. The Tenant does not have the authority to dictate in what manner payments are applied. Rent is paid by visiting the Residence Services Desk located in Xxxxx Xxxxxxxx Xxxx, or the Tenant can set up Pre-Authorized payments by filling a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents (b) For Tenants without an Accessible Campus Online Resource Network (ACORN) account: Rent and all other charges can be paid at the Residence Services Desk located in Xxxxx Xxxxxxxx Hall, or the Tenant can set up Pre-Authorized payments by completing a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents. xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents If the Tenant is at any point in arrears of Rent and/or any other amount due and owing to the Landlord, the Tenant agrees that subsequent payments made by him/her to reduce the arrears owed shall be applied first to the oldest outstanding Rent and second to outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.). The Tenant may not dictate the manner in which payments are applied. A payment plan request form is available, should the Tenant be unable to pay rent by the set deadline. Payment plan requests are reviewed on a case-by-case basis. Approval or denial of a payment plan request is at the sole and absolute discretion of Student Housing & Residence Life. A maximum of one payment plan per household is permitted in the duration of their continued occupancy. The Tenant shall pay at the time that this Lease is signed, in the form of certified cheque, money order, or debit/credit card, a deposit equal to a full month's Rent. Such deposit will be applied as prepaid Rent towards the Rent for the last month of the tenancy. Upon receipt of a Non-Sufficient Funds (NSF) personal cheque, the Landlord will not thereafter accept subsequent personal cheques, unless certified, from the Tenant. Rent payments returned to the Landlord from the bank will result in a $75.00 service charge. In the event the occupancy of the Leased Premises is taken prior to the 1st day of the start of the Lease, the Tenant agrees to pay a daily rate of $50.00 for each day of occupancy. In the event the Tenant does not vacate the Leased Premises by the end date and time set out above, and the Tenant has not signed a new Lease for the subsequent academic year, the Tenant agrees to pay a daily rate of $100.00 for each day of occupancy. In both situations, the Tenant must submit a request in writing to the Landlord for permission to occupy the space outside of the Lease period, which request may be denied by the Landlord in its sole and absolute discretion. If permission is granted the rates will apply, if permission is not granted the Tenant may not occupy the premises outside of the Lease dates.

Rent Payable. During the term, the Tenant shall pay to the Landlord at its office at the University of Toronto Mississauga Student Housing & Residence Life: Xxxxx Xxxxxxxx HallXxxx, Suite 120000, 3359 Mississauga Road0000 Xxxxxxxxxxx Xxxx, or at such place as the Landlord may designate, the total monthly rent (hereinafter called the "Rent"), in the form of personal cheque, certified cheque, money order, or debit/credit card set out in this paragraph on or before the 1st day of each and every month. (a) For Tenants with an Accessible Campus Online Resource Network (ACORN) account: All other outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.) will be charged to the Tenant’s ACORN account. The Tenant does not have the authority to dictate in what manner payments are applied. Rent is paid by visiting the Residence Services Desk located in Xxxxx Xxxxxxxx Xxxx, or the Tenant can set up Pre-Authorized payments by filling a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents (b) For Tenants without an Accessible Campus Online Resource Network (ACORN) account: Rent and all other charges can be paid at the Residence Services Desk located in Xxxxx Xxxxxxxx HallXxxx, or the Tenant can set up Pre-Authorized payments by completing a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents. If the Tenant is at any point in arrears of Rent and/or any other amount due and owing to the Landlord, the Tenant agrees that subsequent payments made by him/her to reduce the arrears owed shall be applied first to the oldest outstanding Rent and second to outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.). The Tenant may not dictate the manner in which payments are applied. A payment plan request form is available, should the Tenant be unable to pay rent by the set deadline. Payment plan requests are reviewed on a case-by-case basis. Approval or denial of a payment plan request is at the sole and absolute discretion of Student Housing & Residence Life. A maximum of one payment plan per household is permitted in the duration of their continued occupancy. The Tenant shall pay at the time that this Lease is signed, in the form of certified cheque, money order, or debit/credit card, a deposit equal to a full month's Rent. Such deposit will be applied as prepaid Rent towards the Rent for the last month of the tenancy. Upon receipt of a Non-Sufficient Funds (NSF) personal cheque, the Landlord will not thereafter accept subsequent personal cheques, unless certified, from the Tenant. Rent payments returned to the Landlord from the bank will result in a $75.00 service charge. In the event the occupancy of the Leased Premises is taken prior to the 1st day of the start of the Lease, the Tenant agrees to pay a daily rate of $50.00 for each day of occupancy. In the event the Tenant does not vacate the Leased Premises by the end date and time set out above, and the Tenant has not signed a new Lease for the subsequent academic year, the Tenant agrees to pay a daily rate of $100.00 for each day of occupancy. In both situations, the Tenant must submit a request in writing to the Landlord for permission to occupy the space outside of the Lease period, which request may be denied by the Landlord in its sole and absolute discretion. If permission is granted the rates will apply, if permission is not granted the Tenant may not occupy the premises outside of the Lease dates.

Rent Payable. During Throughout the termTerm of this Lease, Tenant agrees to pay the following (collectively referred to as "Rent"): (a) Fixed Minimum Rent and (b) all additional sums, charges, or amounts of whatever nature ("Additional Rent") to be paid by Tenant to Landlord in accordance with applicable law, court order or this Lease. Commencing on the dates set forth in this Lease, Tenant shall pay to the Landlord at its office at the University of Toronto Mississauga Student Housing & Residence Life: Xxxxx Xxxxxxxx HallRent, Suite 120, 3359 Mississauga Road, or at such place as the Landlord may designate, the total monthly rent (hereinafter called the "Rent"), in the form of personal cheque, certified cheque, money order, or debit/credit card set out in this paragraph payable on or before the 1st first day of each and every month. month in advance, via Electronic Funds Transfer (aEFT) For Tenants with an Accessible Campus Online Resource Network through Bxxx Trust (ACORN) account: All other outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.) will be charged to the Tenant’s ACORN account. The Tenant does not have the authority to dictate in what manner payments are applied. Rent is paid by visiting the Residence Services Desk located in Xxxxx Xxxxxxxx Xxxxhxxxx://xxx.xxxxxxxxx.xxx/), or the provided Landlord provides notice to Tenant, via such other payment method and/or at such other location as may be acceptable to Landlord in its sole discretion, without deduction or set-off. Landlord and Tenant can set up Pre-Authorized payments by filling a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents (b) For Tenants without an Accessible Campus Online Resource Network (ACORN) account: Rent agree that Fixed Minimum Rent, Percentage Rent, Additional Rent, and all other charges can paid to Landlord under this Lease shall qualify as “rents from real property” as defined in Section 856(d) of the Internal Revenue code of 1986, as amended from time to time (the “Code”) and as further defined in Treasury Regulation (“Regulation”) Section 1.856-4. Should the requirements of the Code and/or Regulation be paid amended so that any amount payable to Landlord under this Lease no longer qualifies as “rents from real property” for the purposes of the Code and associated Regulations, such amount payable to Landlord under this Lease shall, at Landlord's option, be adjusted so that it will qualify as “rents from real property” for the Residence Services Desk located purposes of the Code and Regulation, as amended; provided, however, that any adjustments required pursuant to this provision shall be made so as to produce the equivalent (in Xxxxx Xxxxxxxx Halleconomic terms) consideration as was payable prior to such adjustment. Tenant and Landlord shall enter into such amendment or amendments as may be necessary to effect the foregoing and negotiate in good faith with respect thereto. Except for casualty or condemnation, if Tenant is paying any form of Rent abatement, or is entitled to pay a future Rent abatement, and Tenant extends the Term of this Lease via the exercise of an option, renewal, holdover, or otherwise, then upon the commencement of such extended Term, Tenant can set up Pre-Authorized payments by completing a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents. If shall resume the Tenant is at any point in arrears full payment of Rent and/or any other amount due and owing as provided under this Lease. For purposes of clarity, Tenant shall have no right to revive the Landlord, direct cause of such Rent abatement during the Tenant agrees that subsequent remaining Term of this Lease. All payments made received by him/her to reduce Landlord under the arrears owed terms of this Lease shall be applied first to the oldest outstanding Rent and second to outstanding administrative charges (e.g. damages, cleaning, lockouts, etcpayment obligation then owed by Tenant.). The Tenant may not dictate the manner in which payments are applied. A payment plan request form is available, should the Tenant be unable to pay rent by the set deadline. Payment plan requests are reviewed on a case-by-case basis. Approval or denial of a payment plan request is at the sole and absolute discretion of Student Housing & Residence Life. A maximum of one payment plan per household is permitted in the duration of their continued occupancy. The Tenant shall pay at the time that this Lease is signed, in the form of certified cheque, money order, or debit/credit card, a deposit equal to a full month's Rent. Such deposit will be applied as prepaid Rent towards the Rent for the last month of the tenancy. Upon receipt of a Non-Sufficient Funds (NSF) personal cheque, the Landlord will not thereafter accept subsequent personal cheques, unless certified, from the Tenant. Rent payments returned to the Landlord from the bank will result in a $75.00 service charge. In the event the occupancy of the Leased Premises is taken prior to the 1st day of the start of the Lease, the Tenant agrees to pay a daily rate of $50.00 for each day of occupancy. In the event the Tenant does not vacate the Leased Premises by the end date and time set out above, and the Tenant has not signed a new Lease for the subsequent academic year, the Tenant agrees to pay a daily rate of $100.00 for each day of occupancy. In both situations, the Tenant must submit a request in writing to the Landlord for permission to occupy the space outside of the Lease period, which request may be denied by the Landlord in its sole and absolute discretion. If permission is granted the rates will apply, if permission is not granted the Tenant may not occupy the premises outside of the Lease dates.

Rent Payable. During The Rent payable by Tenant during the term, the Tenant Second Extended Term (“Option Rent”) shall pay be equal to the Landlord at its office at lesser of Fair Market Value of the University Premises as of Toronto Mississauga Student Housing & Residence Life: Xxxxx Xxxxxxxx Hall, Suite 120, 3359 Mississauga Roadthe commencement date of the Second Extended Term, or at such place one hundred and twenty-five percent (125%) of the Fixed Monthly Rent payable by Tenant the last calendar month preceding the expiration of the First Extended Term. The term “Fair Market Value” shall be defined as the annual rent per rentable square foot that Landlord may designatehas accepted in current transactions in the Building, or if there are not a sufficient number of comparable current transactions in the total monthly rent Building, then what a willing, comparable new, non-renewal, non-equity tenant would pay, and what a willing comparable landlord in the West Los Angeles area would accept at arms length, in either case giving appropriate consideration to all economic benefits obtainable by Landlord, such as Fixed Monthly Rent (hereinafter called the "Rent"including periodic adjustments), Additional Rent in the form of personal chequeOperating Expense reimbursements, certified cheque, money order, or debit/credit card set out in this paragraph on or before the 1st day of each and every month. (a) For Tenants with an Accessible Campus Online Resource Network (ACORN) account: All other outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.) will be charged to the Tenant’s ACORN account. The Tenant does not have the authority to dictate in what manner payments are applied. Rent is paid by visiting the Residence Services Desk located in Xxxxx Xxxxxxxx Xxxx, or the Tenant can set up Pre-Authorized payments by filling a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents (b) For Tenants without an Accessible Campus Online Resource Network (ACORN) account: Rent any and all other charges can monetary or non-monetary consideration that may be given in the market place to a non-renewal tenant, as is chargeable for a similar use of comparable space in the Brentwood area. Said computation shall specifically be based on the Premises in its “as-is” condition, without payment of any tenant improvement allowance or brokerage commission to any broker. If Tenant elects to have a broker represent it during negotiations for extension of the First Extended Term, and/or Tenant requests the installation of any further improvements into the Premises, the cost of such improvements to be made and/or commissions to be paid shall be amortized over the Second Extended Term on a straight-line basis, with interest thereon at ten percent (10%), by appropriately increasing the Residence Services Desk located Fair Market Value previously determined. Landlord and Tenant shall have thirty (30) days (the “Negotiation Period”) after Landlord receives the Option Notice in Xxxxx Xxxxxxxx Hall, or which to agree on the Tenant can set up Pre-Authorized payments by completing a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documentsFair Market Value. If Landlord and Tenant agree on the Tenant is at any point in arrears of Rent and/or any other amount due and owing Fair Market Value during the Negotiation Period, they shall immediately execute an amendment to the Landlord, Lease extending the Tenant agrees that subsequent payments made by him/her to reduce Term and stating the arrears owed shall be applied first to the oldest outstanding Rent and second to outstanding administrative charges (e.g. damages, cleaning, lockouts, etcFair Market Value.). The Tenant may not dictate the manner in which payments are applied. A payment plan request form is available, should the Tenant be unable to pay rent by the set deadline. Payment plan requests are reviewed on a case-by-case basis. Approval or denial of a payment plan request is at the sole and absolute discretion of Student Housing & Residence Life. A maximum of one payment plan per household is permitted in the duration of their continued occupancy. The Tenant shall pay at the time that this Lease is signed, in the form of certified cheque, money order, or debit/credit card, a deposit equal to a full month's Rent. Such deposit will be applied as prepaid Rent towards the Rent for the last month of the tenancy. Upon receipt of a Non-Sufficient Funds (NSF) personal cheque, the Landlord will not thereafter accept subsequent personal cheques, unless certified, from the Tenant. Rent payments returned to the Landlord from the bank will result in a $75.00 service charge. In the event the occupancy of the Leased Premises is taken prior to the 1st day of the start of the Lease, the Tenant agrees to pay a daily rate of $50.00 for each day of occupancy. In the event the Tenant does not vacate the Leased Premises by the end date and time set out above, and the Tenant has not signed a new Lease for the subsequent academic year, the Tenant agrees to pay a daily rate of $100.00 for each day of occupancy. In both situations, the Tenant must submit a request in writing to the Landlord for permission to occupy the space outside of the Lease period, which request may be denied by the Landlord in its sole and absolute discretion. If permission is granted the rates will apply, if permission is not granted the Tenant may not occupy the premises outside of the Lease dates.

Rent Payable. During A. Commencing on the termRent Commencement Date, the Tenant shall pay all Rent to the Landlord at its office at the University of Toronto Mississauga Student Housing & Residence Life: Xxxxx Xxxxxxxx HallLandlord, Suite 120without prior notice or demand and without offset, 3359 Mississauga Road, deduction or at such place as the Landlord may designate, the total monthly rent (hereinafter called the "Rent")counterclaim whatsoever, in the form of personal chequeamounts, certified chequeat the rates and times set forth herein, money order, or debit/credit card in the manner set out forth in this paragraph Section 5.01.A. Tenant shall (i) promptly execute any and all agreements and authorizations, and supply any and all information necessary, to authorize Landlord to initiate debit entries (“Auto-Debit Transfers”) from Tenant’s account to Landlord for such portions of Rent due under this Lease as Landlord may elect to be paid by Auto-Debit Transfer; and (ii) take all actions necessary on Tenant’s part to insure that any and all such payments will be received by the Landlord by the dates due as specified in this Lease. Except for the Security Deposit, Landlord initially elects that Minimum Rent shall be paid by Auto-Debit Transfer. Landlord may elect, by giving Notice to Tenant, that additional recurring payments constituting Rent shall be paid by Auto-Debit Transfer pursuant to this Section 5.01.A. All payments of Rent not made by Auto-Debit Transfer shall be made at the place set forth in Section 1.01. or before the 1st day of each and every monthas Landlord may otherwise designate by Notice to Tenant. (a) For Tenants with an Accessible Campus Online Resource Network (ACORN) account: All other outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.) will be charged B. If Tenant fails to make any payment of Rent by the Tenant’s ACORN account. The Tenant does not have the authority to dictate in what manner payments are applied. date such Rent is paid by visiting the Residence Services Desk located in Xxxxx Xxxxxxxx Xxxxdue, or the Tenant can set up Pre-Authorized payments by filling a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents (b) For Tenants without an Accessible Campus Online Resource Network (ACORN) account: Rent and all other charges can be paid at the Residence Services Desk located in Xxxxx Xxxxxxxx Hall, or the Tenant can set up Pre-Authorized payments by completing a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents. If the Tenant is at any point in arrears of Rent and/or any other amount due and owing to the Landlord, the Tenant agrees that subsequent payments made by him/her to reduce the arrears owed shall be applied first to the oldest outstanding Rent and second to outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.). The Tenant may not dictate the manner in which payments are applied. A payment plan request form is available, should the Tenant be unable to pay rent by the set deadline. Payment plan requests are reviewed on a case-by-case basis. Approval or denial of a payment plan request is at the sole and absolute discretion of Student Housing & Residence Life. A maximum of one payment plan per household is permitted in the duration of their continued occupancy. The Tenant shall pay Landlord a late payment charge equal to the greater of (i) five percent (5%) of such payment of Rent, or (ii) Twenty Dollars ($20.00) per day from the due date until the date of receipt by Landlord. Payment of such late charge shall not excuse or waive the late payment of Rent. Tenant acknowledges and agrees that such late charge is a reasonable estimate of the damages as a result of Tenant’s violations of this Section 5.01.B. and that it would be impracticable or extremely difficult to determine Landlord’s actual damages. Notwithstanding the foregoing, Landlord will not assess the foregoing late charge until Landlord has given C. If Landlord receives two (2) or more checks from Tenant that are dishonored by Tenant’s bank, all checks for Rent thereafter shall be bank certified and Landlord shall not be required to accept checks except in such form. Tenant shall pay Landlord any bank service charges resulting from dishonored checks, plus Fifty Dollars ($50.00) for each dishonored check as compensation to Landlord for the additional cost of processing such check. D. Any payment by Tenant of less than the total Rent due shall be treated as a payment on account. Acceptance of any check bearing an endorsement, or accompanied by a letter stating, that such amount constitutes “payment in full” (or terms of similar import) shall not be an accord and satisfaction or a novation, and such statement shall be given no effect. Landlord may accept any check without prejudice to any rights or remedies which Landlord may have against Tenant. E. For any portion of a calendar month at the time that this Lease is signedbeginning of the Term, Tenant shall pay in advance the form pro-rated amount of certified cheque, money order, or debit/credit card, a deposit equal to a full month's Rent. Such deposit will be applied as prepaid Rent towards the Rent for the last month each day included in such portion of the tenancy. Upon receipt of a Non-Sufficient Funds (NSF) personal cheque, the Landlord will not thereafter accept subsequent personal cheques, unless certified, from the Tenant. Rent payments returned to the Landlord from the bank will result in a $75.00 service charge. In the event the occupancy of the Leased Premises is taken prior to the 1st day of the start of the Lease, the Tenant agrees to pay a daily rate of $50.00 for each day of occupancy. In the event the Tenant does not vacate the Leased Premises by the end date and time set out above, and the Tenant has not signed a new Lease for the subsequent academic year, the Tenant agrees to pay a daily rate of $100.00 for each day of occupancy. In both situations, the Tenant must submit a request in writing to the Landlord for permission to occupy the space outside of the Lease period, which request may be denied by the Landlord in its sole and absolute discretion. If permission is granted the rates will apply, if permission is not granted the Tenant may not occupy the premises outside of the Lease datesmonth.

Rent Payable. During (i) The monthly rent payable by the termTenant to the Landlord shall be the sum of USD XXXXXXXXXXXXXX (USD XXXXXX) exclusive of water and electricity charges. (ii) The monthly rent shall be payable in advance on or before the 5th day of each month without any deductions whatsoever. Any such rent made past the 10th of any month will attract a late payment charge of 10% of the rent being compensation for corresponding exposure to the landlord on his financial obligations. (iii) The Tenant shall also pay a deposit of USD XXXXXXXXXXXXXXX (USD XX, XXX) equivalent to one (1) month rent which sum is refundable at the termination of this tenancy with proper one (1) calendar months’ notice, or on expiration of the lease period subject to the Tenant fulfilling all their obligations under the tenancy in respect of payment of rent and effecting repairs and repainting of the premises due upon termination of the tenancy. The Landlord may utilize the deposit to defray any outstanding conservancy charges or repair & repainting expenses which would at all material times be payable by the Tenant within the Tenancy period as such or upon termination of the tenancy. The deposit shall not be used as the last month rent payment. (iv) The Tenant shall additionally pay security charges to the relevant security company or Estate Committee as the case may be. (v) All payments shall be made to the account below unless otherwise advised by the Landlord to the Tenant in writing: Account Name : XXXXXXXXXXXX (vi) The above monthly rent shall be increased by XX% of the rent payable after every two (2) years that the tenant shall remain in occupation of the premises. (vii) In the event of the Tenant desiring to vacate the house for any reason, the Tenant shall pay have the right to give one (1) calendar months’ written notice to the Landlord at its office at and immediately after expiration of the University of Toronto Mississauga Student Housing & Residence Life: Xxxxx Xxxxxxxx Hallsaid notice, Suite 120, 3359 Mississauga Road, or at such place as this present Tenancy Agreement and everything here contained shall cease and be void without prejudice to any claim either party may have against the Landlord may designate, the total monthly rent (hereinafter called the "Rent")other, in the form respect of personal cheque, certified cheque, money order, any antecedent breach of any covenant or debit/credit card set out in this paragraph on or before the 1st day condition herein contained. The amount of each and every month. (a) For Tenants with an Accessible Campus Online Resource Network (ACORN) account: All other outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.) rent to be paid will be charged calculated to include a full month’s rent for the Tenant’s ACORN account. The Tenant does not have month on which the authority notice expires subject to dictate in what manner payments are applied. Rent is paid by visiting the Residence Services Desk located in Xxxxx Xxxxxxxx Xxxx, or the Tenant can set up Pre-Authorized payments by filling a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents clause 3 (b) For Tenants without an Accessible Campus Online Resource Network (ACORN) account: Rent and all other charges can be paid at the Residence Services Desk located in Xxxxx Xxxxxxxx Hall, or the Tenant can set up Pre-Authorized payments by completing a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents. If the Tenant is at any point in arrears of Rent and/or any other amount due and owing to the Landlord, the Tenant agrees that subsequent payments made by him/her to reduce the arrears owed shall be applied first to the oldest outstanding Rent and second to outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.xix). The Tenant may not dictate minimum stay stipulated for which the manner in which payments are applied. A payment plan request form tenant is available, should the Tenant be unable to pay rent by the set deadline. Payment plan requests are reviewed on responsible is a case-by-case basis. Approval or denial of a payment plan request is at the sole and absolute discretion of Student Housing & Residence Life. A maximum of one payment plan per household is permitted in the duration of their continued occupancy. The Tenant shall pay at the time that this Lease is signed, in the form of certified cheque, money order, or debit/credit card, a deposit equal to a full month's Rent. Such deposit will be applied as prepaid Rent towards the Rent for the last month XX% term of the tenancy. Upon receipt of a Non-Sufficient Funds agreed lease period (NSF) personal cheque, the Landlord will not thereafter accept subsequent personal cheques, unless certified, from the Tenant. Rent payments returned to the Landlord from the bank will result in a $75.00 service charge. In the event the occupancy of the Leased Premises is taken prior to the 1st day of the start of the Lease, the Tenant agrees to pay a daily rate of $50.00 for each day of occupancy. In the event the Tenant does not vacate the Leased Premises by the end date and time set out above, and the Tenant has not signed a new Lease for the subsequent academic year, the Tenant agrees to pay a daily rate of $100.00 for each day of occupancy. In both situations, the Tenant must submit a request in writing to the Landlord for permission to occupy the space outside of the Lease period, which request may be denied by the Landlord in its sole and absolute discretion. If permission is granted the rates will apply, if permission is not granted the Tenant may not occupy the premises outside of the Lease dates2 years).