RENT RECEIPTS. Where any payment of rent is made in cash, the Landlord must provide the Tenant with a dated written receipt for the payment stating: the amount paid, and either (as the case may be) the amount which remains outstanding, or confirmation that no further amount remains outstanding.
RENT RECEIPTS. If the tenant pays rent in cash then the landlord must give the tenant a written receipt. That receipt must show: • the amount paid, • the date on which that amount was paid; and • whether the rent is now paid up to date - and, if it is not, how much is still to be paid.
RENT RECEIPTS. The buyer is to assume that whoever gave any receipt for a payment of rent or service charge which the seller produces was the person or the agent of the person then entitled to that rent or service charge.
RENT RECEIPTS. The buyer is to assume that whoever gave any receipt for a payment of rent or service charge which the seller produces was the person or the agent of the person then entitled to
(b) the buyer is to covenant in the transfer to indemnify the seller against liability for any future breach of the obligation and to perform it from then on, and if required by the seller, the buyer is to execute and deliver to the seller on completion a duplicate transfer prepared by the buyer. that rent or service charge.
RENT RECEIPTS. (a) Borrower hereby represents and warrants that each Master Lease requires the applicable Master Tenant to deposit all Rents payable to Borrower pursuant to the applicable Master Lease directly into the Cash Management Account. With respect to the Xxxxxxxx Property, Borrower hereby covenants to, upon the occurrence of a Cash Sweep Event, deliver to each Tenant at the Xxxxxxxx Property a written notice directing each such Tenant to deposit all Rents payable pursuant to the applicable Lease directly into the Cash Management Account. Any Rents actually paid by Xxxxxx not remitted to the Cash Management Account during a Cash Sweep Period as a result of Borrower failing to deliver to each applicable Tenant the notice required pursuant to the immediately preceding sentence shall constitute a misapplication of funds pursuant to Section 9.3(b)(vi). Without prior written consent of Lender, Borrower shall not (i) terminate, amend, revoke, or modify (x) the requirement that each Master Tenant deposit all rents payable to Borrower pursuant to its Master Lease directly into the Cash Management Account or (y) any notice to the Tenants at the Xxxxxxxx Property pursuant to this Section 2.6.1(a) (except, following a Cash Sweep Event Cure and so long as no other Cash Sweep Event shall then exist, Borrower may amend any such notice delivered to the Tenants at the Xxxxxxxx Property) or (ii) direct or cause any Master Tenant to pay any amount owed to the applicable Individual Borrower(s) under the applicable any Master Lease in any manner other than directly into the Cash Management Account.
(b) Borrower hereby covenants and agrees to deposit directly into the Cash Management Account any Rents payable pursuant to each Master Lease received by Borrower, notwithstanding subsection 2.6.1(a) above, within one (1) Business Day of receipt. During any such period in which Borrower is holding any Rents payable under any Master Lease or any other Lease (other than with respect to the Xxxxxxxx Property when no Cash Sweep Period is continuing) prior to depositing same into the Cash Management Account, Borrower shall be deemed to hold such Rents in trust for Lender. Borrower shall cause each Approved Property Manager to deposit into the Cash Management Account within one Business Day of its receipt thereof all revenues from the Properties received by such Approved Property Manager that are required to be deposited into the Cash Management Account pursuant to this Agreement (and Borrower ...
RENT RECEIPTS. Buyer agrees to reasonably cooperate with Seller to recover any amounts due from tenants under the Leases for the month of Closing and prior periods. Notwithstanding the foregoing, any rent payments that are received by Buyer subsequent to the Closing Date from tenants under the Leases shall, regardless of any designation by the tenant, be credited, first, against rent and other amounts that have accrued under the Leases subsequent to the month of Closing; and, second, against rent and other amounts due to Seller for the month of Closing and prior periods. Each party agrees to promptly remit rent payments received from tenants under the Leases that are received by it by mistake. For the avoidance of doubt, Buyer and Seller agree that amounts received from tenants subsequent to the Closing Date shall be applied in accordance with this Section.
RENT RECEIPTS. Where any payment of rent is not made online and rather, over the phone, a receipt can be provided stating: the amount paid, and either (as the case may be) the amount which remains outstanding, or confirmation that no further amount remains outstanding. Fortis Student Living strictly do not accept cash payments.
RENT RECEIPTS. If the tenant pays rent in cash then the landlord must give the tenant a written receipt. That receipt must show: the amount paid, the date on which that amount was paid; and whether the rent is now paid up to date - and, if it is not, how much is still to be paid. Rent Increases The rent can only go up once a year. Before the rent can go up, the tenant must be given an official notice called a rent-increase notice. This notice might be sent by email if the Agreement allows for this. Any rent-increase notice must be given to the tenant by the landlord at least 3 months before the date that the rent is to go up. If the tenant receives a rent-increase notice, and the tenant thinks that the new rent would be higher than is being charged at that time for similar properties, then the tenant can ask a Rent Officer to decide whether the increase is fair.
RENT RECEIPTS. Where any payment of rent is made in cash, the Landlord must provide the Tenant with a dated written receipt for the payment stating: the amount paid, and either (as the case may be) the amount which remains outstanding, or confirmation that no further amount remains outstanding. RENT INCREASES The rent cannot be increased more than once in any twelve month period and the Landlord must give the Tenant at least three months’ notice before any increase can take place. In order to increase the rent, the Landlord must give the Tenant a rent-increase notice, the content of which is set out in ‘The Private Residential Tenancies (Prescribed Notices and Forms) (Scotland) Regulations 2017’. The notice will be sent using the communication method agreed in the ‘Communication’ clause above. If the Let property is located within a rent pressure zone, the Tenant cannot refer a rent increase to a rent officer as Scottish Ministers will have set a cap on the maximum amount the rent can be increased. The Cost of Living (Tenant Protection)(Scotland) Act was introduced in October 2022. It is an emergency response to the situation caused by the impact of the cost crisis on people who rent their home in Scotland. From 6 September 2022, there is a temporary cap on rent increases during private tenancies. From 1 April 2023, the cap is set at 3% and is expected to stay in place until at least 30 September 2023. Private landlords can apply to Rent Service Scotland (RSS) for a rent increase of up to 6% to help cover certain increases in costs in defined and limited circumstances. Your landlord must inform you when they make this application. Full details of the emergency measures can be found at the link: xxx.xxxxx.xxxx/rent-cap-landlords DEPOSIT A tenancy deposit scheme is an independent third-party scheme approved by the Scottish Ministers to hold and protect a deposit until it is due to be repaid. At the start date of the tenancy or before, a deposit of £$deposit.amount$ will be paid by the Tenant to the Landlord. The Landlord will issue a receipt for the deposit to the Tenant. No interest shall be paid by the Landlord to the Tenant for the deposit. By law, the deposit amount cannot exceed the equivalent of two months’ rent and cannot include any premiums. For example, charging for an administration fee or taking a holding fee (regardless of whether or not the holding fee is refundable). Where it is provided in this Agreement that the Tenant is responsible for a particular cost ...
RENT RECEIPTS. Where any payment of rent is not made online and rather, over the phone, a receipt can be provided stating: the amount paid, and either (as the case may be) the amount which remains outstanding, or confirmation that no further amount remains outstanding. DRAFT Xenia Students strictly do not accept cash payments.
