Rent Payment Procedures Clause Samples
The RENT PAYMENT PROCEDURES clause outlines the methods and requirements for tenants to pay rent to the landlord. It typically specifies the due date for rent payments, acceptable forms of payment such as checks or electronic transfers, and the address or account where payments should be sent. By clearly defining these procedures, the clause helps prevent misunderstandings and disputes over payment timing and methods, ensuring both parties are aware of their obligations and reducing the risk of late or missed payments.
Rent Payment Procedures. Lessee’s obligation to pay rent shall commence upon the commencement of this Lease. If the term commences or terminates on a date other than the first of any month, monthly rent for the first and last month of this Lease shall be prorated based on a 30-day month. Rent payments shall be delivered to City’s Revenue Collections Division, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, PO Box 10250, Palo Alto, CA 94303. The designated place of payment may be changed at any time by City upon ten (10) days’ written notice to Lessee. Lessee specifically agrees that acceptance of any late or incorrect rentals submitted by Lessee shall not constitute an acquiescence or waiver by City and shall not prevent City from enforcing Section 3.3 (Late Charge) or any other remedy provided in this Lease. Acceptance of rent shall not constitute approval of any unauthorized sublease or use, nor constitute a waiver of any non-monetary breach. Payments shall be effective upon receipt. City may apply any payment received from Lessee at any time against any obligation due and owing by Lessee under this Lease, regardless of any statement appearing on or referred to in any remittance from Lessee or any prior application of such payments.
Rent Payment Procedures. A. PAYMENT OF RENT. Tenant shall, without prior notice or demand and without any setoff or deduction whatsoever, pay all Gross Rent and other charges and render all statements herein prescribed at the Landlord’s “Rent Payment” address or other office specifically provided in the Abstract of Lease or to such other person or corporation, and at such other place as may be designated by Landlord in writing from time to time. 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 be given no effect and Landlord may accept such check or payment without prejudice to Landlord's right to recover the balance of such rent due or Landlord may pursue any other remedy set forth in this Lease. Tenant shall also be permitted to pay Gross Rent and other charges via direct electronic transfer through Automated Clearing House (“ACH”) in the commercially reasonable manner prescribed by Landlord.
Rent Payment Procedures. A. PAYMENT LOCATION. Tenant shall, without prior notice or demand and without any setoff or deduction whatsoever, pay all Minimum Rent, Additional Rent and other charges and render all statements herein prescribed at the Landlord's address or other office specifically provided in the Abstract of Lease or to such other person or corporation, and at such other place as may be designated by Landlord in writing from time to time.
Rent Payment Procedures