Rent Security Sample Clauses
The Rent Security clause establishes the requirement for a tenant to provide a security deposit or other form of financial assurance to the landlord as a condition of the lease. Typically, this deposit is held by the landlord to cover potential damages to the property, unpaid rent, or other breaches of the lease agreement. For example, a tenant may be required to pay one or two months’ rent upfront, which is returned at the end of the lease if all obligations are met. The core function of this clause is to protect the landlord against financial loss resulting from tenant default or property damage, thereby allocating risk and encouraging responsible tenant behavior.
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Rent Security. For the fulfillment of all obligations out of this agreement the Tenant must pay the Landlord a deposit as a security totaling one month's all-inclusive rent for the apartment, amounting to EUR 1,680.00. The security shall be provided □ in form of a deposit. Should the Landlord pay the deposit into an interest-bearing account, the interest will increase the security deposit.
Rent Security. Tenant’s existing Rent Security held by Landlord under the Lease applicable to the Existing Premises shall be applicable, as of February 1, 2009 to the Relocation Premises.
Rent Security. It is agreed that Tenant has leased additional improved space from the Landlord effective September 1, 1996, now therefore, the herein covenant shall modify Addendum Section V, Paragraph 1. Rent Security. Tenant shall be obligated to deposit an additional six thousand dollars ($6,000.00) rent security, payable, two thousand dollars ($2,000.00) September 1, 1997, two thousand dollars ($2,000.00) September 1, 1998 and two thousand dollars ($2,000.00) September 1, 1999. Said total amount to remain on deposit for the balance of the lease term with each deposit payment subject to all the terms and conditions applicable to rent security. All other provisions of Addendum Section V, Paragraph 1. are herewith reaffirmed in their entirety. Article 8 GARBAGE/TRASH REMOVAL COST - FOR ESCALATION PURPOSES ONLY: Addendum Section V, Paragraph 4. (d) Garbage/Trash Removal Cost - For Escalation Purposes Only is herewith amended to read $3,894.00 ($.30 x 12,980 sq. ft.) of the base annual rent is allocated to garbage/trash and recyclable material removal for the demised premises. Landlord has reserved in the rental base a flat $.101 charge per square foot for the removal of pallets, oversized debris, dumpster area cleanup, land allocation expense and overhead charges. It is mutually agreed that the $.30/sqft rate is a pro rata apportionment of cartage expenses for garbage and separable recyclables. Any change in the Town of Smithtown Town Code which may: establish a commercial cartage district, implement direct charge tipping fee(s) and/or administrative assessment(s) on Landlord, change the composition of required recyclable(s), or otherwise impact the total cartage expense allocable to the demised premises shall be passed-through to Tenant. Further, if at any time after the commencement of this lease and before the end of the lease term period, the cartage rates charged to the Landlord by the Landlord's ▇▇▇▇▇▇ increase, there will be an adjustment in the annual rent predicated on Tenant's allocable base. Tenant's base "peg" for all additional charges, regardless of source, shall be 12,980/100,214 sq. ft. or 13% of the total current ▇▇▇▇ of $30,000.60. The total cartage ▇▇▇▇ for calculation purposes shall be deemed to include all Town of Smithtown and cartage company charges plus applicable federal, state and local taxes. Any resultant additional rental, converted to a monthly charge, shall be added to the monthly rental rate in effect at that time.
Rent Security. (1) The Tenant is obliged to provide a security in respect of rent. The rent security is 3 months rent including additional costs plus VAT at the appropriate rate according to Section4 (1) and (6), i.e. DM 154,300.00.
(2) To this end, the Tenant transfers to the Lessor as security for fulfilling all claims arising from or in connection with this agreement a directly enforceable sum payable on first request by bank guarantee without right to defense of voidability or set-off or benefit of discussion.
(3) Provision of the bank guarantee is to be before occupation of the property by the Tenant and at the latest prior to commencement of the rental term according to Section3 (1).
(4) The Lessor can make use of the security following prior written notice as a result of claims which have become due. The Tenant is in this case obliged without delay to provide the Lessor with a similar bank guarantee made out for the original amount.
(5) The security expires on return of the security documentation to the guarantors after proper return of the property and settlement of additional costs.
Rent Security. For those portions of the Property leased to third parties the Port shall require the third party to provide to the Port a bond, rent insurance, or other security in accordance with the requirements of RCW 53.08.085; provided, the Port commission shall not waive the rent security requirement or lower the amount of such requirement.
Rent Security. 5.1 As a security for the landlord’s claims under this lease agreement the tenant shall provide to the landlord a security in the amount of (hereinafter referred to as Security) on the landlord’s account according to § 3.2. As a reference for the transaction the tenant shall use
5.2 The landlord shall create and keep the Security on an account separate than the account mentioned in § 3.2
5.3 The landlord will return the Security to the tenant within a period of six weeks after the return of the lease object in accordance with the provisions of this lease agreement and the settlement of all claims of the landlord against the tenant.
Rent Security