Rent Proration. If this Lease Agreement is entered into on a date other than the first of the month, Xxxxxx’s rent will be prorated based on the remaining days in the month. If a Tenant is receiving Rental Assistance, the rent will be prorated for the first month as if the tenant was receiving RA, in accordance with 7 CFR 3560.257 (c) (2). Tenant’s rent for the remaining term of the Lease will be due and payable on the first of each month.
Rent Proration. Your 30-day written notice was received on the day of , 20 , with an anticipated move-out date of , therefore the prorated rent due is $ . This rent amount is due on or before the first day of , 20 and may not be deducted from the security deposit. Further, this rent shall be subject to late charges if not paid per the terms of the Rental Agreement.
Rent Proration. Should LESSEE move into the property before the end of the month, the rent will be prorated on a daily basis starting on , and payable on .
Rent Proration. For any fractional month occurring during the Term, the Base Rent and any adjustments to the Base Rent payable for the fractional month shall be prorated based on the ratio that the number of days in the fractional month bears to the total number of days in that calendar month.
Rent Proration. All prepaid rents on said Property shall be prorated at the closing of the sale. The Seller represents that the monthly rentals on said Property of $ will be current at the time of the closing, and that there will be no expenses chargeable to the Seller except the taxes on said Property. The Seller shall pay to the Buyer all security and damage deposits, if any, which have been paid to the Seller by any of the tenants. Buyer shall enter into an agreement to hold the Seller harmless against such transfer of security or damage deposits. At the closing of the sale, the Seller shall execute an affidavit which will verify the number of leases and tenancies then outstanding on the Property, the prepaid rent as to each, and the amount of security deposits as to each.
Rent Proration. If the Lease is terminated as provided in this Article 15, all rent and other charges shall be paid up to the date that possession is taken by public authority, and Landlord shall make refund of any rent and other charges paid by Tenant in advance and not yet earned.
Rent Proration. Notwithstanding the provisions of Section 9.1(a)(i) of the Agreement, Seller and Purchaser have agreed that all rent (including base rent, additional rent, if any, and common area maintenance charges) for the month of February, 2003 (the "2/03 Rent") will be prorated at Closing as if such rent actually had been collected by Seller at or prior to Closing; and therefore at Closing Seller has given Purchasers a credit against the Purchase Price in the amount of Two Hundred Seventy Six Thousand Four Hundred Twenty Three and 45/100 Dollars ($276,423.45, the "Prorated 2/03 Rent"), representing the prorated amount of 2/03 Rent from and including February 8 through February 28 (dividing the 2/03 Rent due by 28 days, giving credit to the Purchasers for 21 days). Therefore, Seller and Purchasers agree that all 2/03 Rent is due and owing to, and the separate property of, Seller. Any check received from a tenant of the Real Property by either Seller or Purchasers from and after Closing through February 28, 2003, conclusively will be deemed to be in payment of 2/03 Rent (until such tenant's February rent account has been paid in full) unless (and only unless) such check, or an accompanying transmittal, specifically designates that such funds are to be applied to another account due Seller or Purchasers. Any such funds received by Purchasers will be remitted by Purchasers to Seller not later than five (5) days after receipt and collection thereof. As soon as reasonably practicable after each of February 17, 2003 and March 3, 2003, Seller will deliver to Purchasers a current accounting of the 2/03 Rent paid to Seller. From and after February 28, 2003, Purchasers will use their best efforts to collect from each tenant in arrears all unpaid 2/03 Rent, and not later than Friday of each consecutive calendar week commencing March 7, 2003 through May 23, 2003, Purchasers will deliver to Seller (by e-mail or facsimile transmission) an accounting, by individual tenant lease, setting forth (a) the Prorated 2/03 Rent applicable to such lease, (b) the amount of the Prorated 2/03 Rent checks previously remitted to Seller hereunder with respect to such lease through the immediately prior weekly accounting, and (c) the amount of Prorated 2/03 Rent checks received with respect to such lease since the immediately prior weekly accounting; and not later than each consecutive Monday commencing March 10, 2003 and continuing through May 26, 2003, Purchasers will deliver to Seller the Prorate...
Rent Proration. If the term commences on a day other than the first day of a calendar month, Tenant will pay to Landlord a prorated monthly rent of $35.00/day for such month. This amount will be paid on or before the date Tenant moves in.
Rent Proration. All rents or other similar payments under any Lease or other occupancy arrangements, and all other income with respect to the Property for the month in which the Closing occurs, to the extent collected by Sellers on or before the Closing Date, shall be prorated to the Closing Date, with Purchaser receiving the benefits and burdens of ownership from and after the Closing Date, which proration obligation expressly shall survive Closing. Such proration shall be calculated, on an initial basis, as reflected in the Statement of Adjustments (as defined below), with any such rents or other similar payments under any Lease or other occupancy arrangements, and all other income with respect to the Property collected by Sellers during the stub period, commencing thereafter to the Closing Date, being adjusted within thirty (30) days following the Closing Date.
Rent Proration. The following provisions shall survive the Closing (the obligation of the Parties to make a payment under the following provisions shall not be subject to the provisions of Article XI (for avoidance of confusion, the obligations under the following provisions shall not be subject to, or otherwise limited by, the Outside Claim Date, the Basket, the Seller Liability Cap or the Buyer Liability Cap):
(1) Monthly base rents (collectively, "Base Rents") under the Leases shall be adjusted and prorated on an if, as and when collected basis. Base Rents collected by Buyer or Sellers after the Closing Date from Tenants who owe Base Rents for periods prior to the Closing Date, shall be applied, (A) first, in payment of Base Rents for the calendar month in which the Closing Date occurs (subject to apportionment between Sellers and Buyer under this Section 10.04(a)(v)); (B) second, in payment of Base Rents for all periods after the Closing Date; and (C) third, in payment of Base Rents for all periods preceding the Closing Date. Each such amount, less reasonable collection costs, shall be adjusted and prorated as provided above, and the Party receiving such amount shall, within ten (10) Business Days, pay to the other Party the portion thereof to which it is so entitled.
(2) For a period of six (6) months following the Closing Date, Buyer shall xxxx Tenants owing Base Rents for periods prior to the Closing Date, on a monthly basis and Buyer shall use commercially reasonable efforts to collect past due Base Rents; provided, that Buyer shall have no obligation to expend any monies or to commence any actions or proceedings to collect any such past due Base Rents. Rents collected by Buyer after the Closing Date to which Sellers are entitled pursuant to clause (v) above shall be paid to Sellers within ten (10) Business Days after receipt thereof by Buyer less Buyer's out-of-pocket cost of collection. Buyer shall provide Sellers with monthly reports setting forth the status of such collection efforts. If Buyer has not collected past due Base Rents within three (3) months of Closing, each Seller shall have the right to pursue Tenants to collect Base Rents delinquent as of the Closing which are uncollected, provided that a Seller shall not (y) prior to the end of the three (3) month period beginning at Closing or after the end of the five (5) month period beginning at Closing, bring an action against any Tenant to collect any such past due Base Rents, or (z) at any time after Cl...
