Common use of Rent Taxes and Other Charges Clause in Contracts

Rent Taxes and Other Charges. Total rent for the initial Term of this Lease shall be Three Hundred ($300) Dollars per year to be paid to Landlord on or before the Effective Date of this Lease and no later than the 1st of March each year thereafter. Such rent shall be nonrefundable should early termination of this Lease occur. Tenant shall pay the rent and all other charges required to be paid under this Lease by cash, valid check, money order, or cashier’s check. No diminution or abatement of rent or offset shall be claimed or allowed for any reason whatsoever without further written agreement. Rent shall be subject to adjustment by Landlord but no more frequently than once every five (5) calendar years and no more than the greater of the rate of inflation over such period or Twenty (20%) percent. Tenant shall pay to Landlord with the rent all taxes legally imposed on the rent by taxing authorities. Should Tenant claim an exemption from payment of taxes imposed on rent by any taxing authority, Tenant shall provide to Landlord and keep on file with Landlord current proof of such exemption. In addition to the foregoing payments, Tenant shall be solely responsible for and pay to the appropriate authority by the due date all other taxes, fees, assessments, and other charges legally imposed or accruing against the Premises or Tenant’s leasehold, which, for purposes of example only, may include but are not limited to ad valorem taxes and non-ad valorem assessments. Dispute of any such taxes, fees, assessments, or charges shall be solely the responsibility of Tenant at Tenant’s sole cost and expense and Tenant shall indemnify and hold Landlord harmless for any and all such taxes, fees, assessments, and charges imposed as well as all costs and expenses arising from non-payment or late payment thereof or otherwise from any such dispute, including but not limited to penalties, interest, attorneys’ fees, and experts’ fees.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Rent Taxes and Other Charges. Total rent for the initial Term of this Lease shall be Three Hundred ($300) Dollars 1.00 per year to be paid payable to Landlord on or before the Effective Date first day of this Lease and no later than the 1st of March each year thereafteryear. Such rent shall be nonrefundable should early termination of this Lease occur. Tenant shall pay the rent and all other charges required to be paid under this Lease by cash, valid check, money order, or cashier’s check. No diminution or abatement of rent or offset shall be claimed or allowed for any reason whatsoever without further written agreement. Rent amounts for Renewal Terms shall be subject to adjustment by Landlord but no more frequently than once every five (5) calendar years and no more than the greater of the rate of inflation over such period or Twenty (20%) percentremain at $1.00 per year. Tenant shall pay to Landlord with the rent all taxes legally imposed on the rent by taxing authorities. Should Tenant claim an exemption from payment of taxes imposed on rent by any taxing authority, Tenant shall provide to Landlord and keep on file with Landlord current proof of such exemption. In addition to the foregoing payments, Tenant shall be solely responsible for and pay to the appropriate authority by the due date all other taxes, fees, assessments, and other charges legally imposed or accruing against the Premises or Tenant’s leasehold, which, for purposes of example only, may include but are not limited to ad valorem taxes and non-ad valorem assessments. Dispute of any such taxes, fees, assessments, or charges shall be solely the responsibility of Tenant at Tenant’s sole cost and expense and Tenant shall indemnify and hold Landlord harmless for any and all such taxes, fees, assessments, and charges imposed as well as all costs and expenses arising from non-payment or late payment thereof or otherwise from any such dispute, including but not limited to penalties, interest, attorneys’ fees, and experts’ fees.

Appears in 1 contract

Samples: Lease Agreement

Rent Taxes and Other Charges. Total rent for 4.1 Provided that Landlord has delivered the initial Term of this Lease Demised Premises to Tenant, Rental shall accrue from the Commencement Date, and shall be Three Hundred ($300) Dollars per year payable to be paid to Landlord on or before the Effective Date of this Lease and no later than the 1st of March each year thereafter. Such rent shall be nonrefundable should early termination of this Lease occur. Tenant shall pay the rent and all other charges required to be paid under this Lease by cashLandlord, valid check, money orderat Landlord’s Address for Notices, or cashier’s check. No diminution or abatement of rent or offset shall be claimed or allowed for any reason whatsoever without further written agreement. Rent shall be subject to adjustment by such other address as Landlord but no more frequently than once every five (5) calendar years and no more than the greater of the rate of inflation over such period or Twenty (20%) percentmay designate in writing. Tenant shall pay to Landlord with Guaranteed Rental in monthly installments in the rent all taxes legally imposed amounts specified in Section 1.1(k) of this Lease, without offset or deduction of any nature. The first monthly installment of Guaranteed Rental shall be paid on execution of this Lease, and subsequent installments shall be due and payable on or before the rent by taxing authorities. Should Tenant claim an exemption from payment first (1st) day of taxes imposed on rent by each succeeding calendar month during the Lease Term, without any taxing authoritydemand or any setoffs whatsoever; provided that if the Commencement Date is a date other than the first (1st) day of a calendar month and the Expiration Date is other than the last day of a calendar month, Tenant shall provide pay the proportionate amount of Guaranteed Rental due for such months. Xxxxxx agrees to Landlord and keep on file pay to Landlord, if assessed by the jurisdiction in which the Facility is located, any sales, excise or other tax imposed, assessed or levied in connection with Landlord current proof Xxxxxx’s payment of such exemption. rents. 4.2 In the event any rental is not received within five (5) days after its due date for any reason whatsoever, or if any rental payment is by check which is returned for insufficient funds, then Tenant shall pay a late charge of five percent (5%) of the amount due in addition to the foregoing paymentspast due amount. If such payment has not been made by the end of the then current calendar month, Tenant shall be solely responsible for and pay to Landlord interest on the appropriate authority amount then due at the lesser of twelve percent (12%) per annum or the maximum legal rate (the “Interest Rate”), such interest to accrue continuously on any unpaid balance due to Landlord by Tenant during the period commencing with the rental due date and terminating with the date on which Tenant makes full payment of all amounts owing to Landlord at the time of said payment. Any such late charge or interest payment shall be payable as additional rental under this Lease and shall be payable immediately on demand. 4.3 Tenant shall be liable for all taxes levied against personal property and trade fixtures placed by Tenant in the Demised Premises which taxes shall be paid when due and before any delinquency. If any such taxes are levied against Landlord or Landlord’s property and if Landlord elects to pay the same or if the assessed value of Landlord’s property is increased by inclusion of personal property and trade fixtures placed by Tenant in the Demised Premises and Landlord elects to pay the taxes based on such increase, Tenant shall pay to Landlord upon demand that part of such taxes for which Tenant is primarily liable hereunder. Xxxxxx agrees to pay to Landlord, if assessed by the due date state or local jurisdiction in which the Facility is located, any sales, excise or other tax imposed, assessed or levied in connection with Xxxxxx’s payment of Guaranteed Rental, additional rent or other sums payable hereunder. 4.4 Commencing on the Commencement Date, Tenant shall also be liable for all other “Real Estate Charges” (as defined below) and “Insurance Charges” (as defined below) related to the Facility or Landlord’s ownership of the Facility. Tenant’s obligations under this Section 4.4 shall be prorated during any partial year (i.e., the first year and the last year of the Lease Term). “Real Estate Charges” shall include ad valorem taxes, general and special assessments, any tax or charge for governmental services (such as street maintenance or fire protection) which are attributable to the transfer or transaction directly or indirectly represented by this Lease, by any sublease or assignment hereunder or by any document to which Tenant is a party creating or transferring (or reflecting the creation or transfer) or any interest or an estate in the Demised Premises and any tax or charge which replaces or is in addition to any of such above- described “Real Estate Charges”; Real Estate Charges shall also include any fees, assessmentsexpenses or costs (including attorney’s fees, expert fees and the like) reasonably incurred by Landlord in protesting or contesting any assessments levied or the tax rate. Real Estate Charges shall not be deemed to include any franchise, estate, inheritance or general income tax, but shall include any such sales, excise or other charges legally imposed tax imposed, assessed or accruing against the Premises or levied in connection with Xxxxxxxx’s receipt of Tenant’s leaseholdpayment of Guaranteed Rental, which, additional rent or other sums payable hereunder. “Insurance Charges” shall mean the premium for purposes of example only, may include but are not limited the insurance that Landlord is required to ad valorem taxes and non-ad valorem assessments. Dispute of any such taxes, fees, assessments, or charges shall be solely the responsibility of Tenant at Tenant’s sole cost and expense and Tenant shall indemnify and hold Landlord harmless for any and all such taxes, fees, assessments, and charges imposed as well as all costs and expenses arising from non-payment or late payment thereof or otherwise from any such dispute, including but not limited maintain pursuant to penalties, interest, attorneys’ fees, and experts’ feesSection 11.2.

Appears in 1 contract

Samples: Lease (Sg Blocks, Inc.)

Rent Taxes and Other Charges. Total rent for the initial Term of this Lease shall be Three Hundred ($300) Dollars 7,500.00 per year to be paid payable to Landlord on or before the Effective Date first day of this Lease and no later than the 1st of March each year thereafteryear. Such rent shall be nonrefundable should early termination of this Lease occur. Tenant shall pay the rent and all other charges required to be paid under this Lease by cash, valid check, money order, or cashier’s check. No diminution or abatement of rent or offset shall be claimed or allowed for any reason whatsoever without further written agreement. Rent amounts for Renewal Terms shall be subject to adjustment by Landlord but no more frequently than once every five (5) calendar years and no more than the greater of the rate of inflation over such period or Twenty (20%) percentremain at $7,500.00 per year. Tenant shall pay to Landlord with the rent all taxes legally imposed on the rent by taxing authorities. Should Tenant claim an exemption from payment of taxes imposed on rent by any taxing authority, Tenant shall provide to Landlord and keep on file with Landlord current proof of such exemption. In addition to the foregoing payments, Tenant shall be solely responsible for and pay to the appropriate authority by the due date all other taxes, fees, assessments, and other charges legally imposed or accruing against the Premises or Tenant’s leasehold, which, for purposes of example only, may include but are not limited to ad valorem taxes and non-ad valorem assessments. Dispute of any such taxes, fees, assessments, or charges shall be solely the responsibility of Tenant at Tenant’s sole cost and expense and Tenant shall indemnify and hold Landlord harmless for any and all such taxes, fees, assessments, and charges imposed as well as all costs and expenses arising from non-payment or late payment thereof or otherwise from any such dispute, including but not limited to penalties, interest, attorneys’ fees, and experts’ fees.

Appears in 1 contract

Samples: Lease Agreement

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Rent Taxes and Other Charges. Total rent for the initial Term of this Lease shall be Three Hundred four thousand eight hundred ($3004,800.00) Dollars per year to be paid payable to Landlord on or before the Effective Date first day of this Lease and no later than the 1st each month in equal installments of March each year thereafterfour hundred ($400.00) Dollars per month. Such rent shall be nonrefundable should early termination of this Lease occur. Tenant shall pay the rent and all other charges required to be paid under this Lease by cash, valid check, money order, or cashier’s check. No diminution or abatement of rent or offset shall be claimed or allowed for any reason whatsoever without further written agreement. Rent amounts for Renewal Terms shall be subject to adjustment by Landlord an increase negotiated between the parties but in no more frequently event greater than once every five Five (5) calendar years and no more than the greater of the rate of inflation over such period or Twenty (20%) percentPercent. Tenant shall pay to Landlord with the rent all taxes legally imposed on the rent by taxing authorities. Should Tenant claim an exemption from payment of taxes imposed on rent by any taxing authority, Tenant shall provide to Landlord and keep on file with Landlord current proof of such exemption. In addition to the foregoing payments, Tenant shall be solely responsible for and pay to the appropriate authority by the due date all other taxes, fees, assessments, and other charges legally imposed or accruing against the Premises or Tenant’s leasehold, which, for purposes of example only, may include but are not limited to ad valorem taxes and non-ad valorem assessments. Dispute of any such taxes, fees, assessments, or charges shall be solely the responsibility of Tenant at Tenant’s sole cost and expense and Tenant shall indemnify and hold Landlord harmless for any and all such taxes, fees, assessments, and charges imposed as well as all costs and expenses arising from non-payment or late payment thereof or otherwise from any such dispute, including but not limited to penalties, interest, attorneys’ fees, and experts’ fees.

Appears in 1 contract

Samples: Lease Agreement

Rent Taxes and Other Charges. Total rent for the initial Term of this Lease shall be Three Hundred x ($300x) Dollars per year to be paid payable to Landlord on or before the Effective Date first day of this Lease and no later than the 1st each month in equal installments of March each year thereaftery ($y) Dollars per month. Such rent shall be nonrefundable should early termination of this Lease occur. Tenant shall pay the rent and all other charges required to be paid under this Lease by cash, valid check, money order, or cashier’s check. No diminution or abatement of rent or offset shall be claimed or allowed for any reason whatsoever without further written agreement. Rent amounts for Renewal Terms shall be subject to adjustment by Landlord an increase negotiated between the parties but in no more frequently event greater than once every five Five (5) calendar years and no more than the greater of the rate of inflation over such period or Twenty (20%) percentPercent. Tenant shall pay to Landlord with the rent all taxes legally imposed on the rent by taxing authorities. Should Tenant claim an exemption from payment of taxes imposed on rent by any taxing authority, Tenant shall provide to Landlord and keep on file with Landlord current proof of such exemption. In addition to the foregoing payments, Tenant shall be solely responsible for and pay to the appropriate authority by the due date all other taxes, fees, assessments, and other charges legally imposed or accruing against the Premises or Tenant’s leasehold, which, for purposes of example only, may include but are not limited to ad valorem taxes and non-ad valorem assessments. Dispute of any such taxes, fees, assessments, or charges shall be solely the responsibility of Tenant at Tenant’s sole cost and expense and Tenant shall indemnify and hold Landlord harmless for any and all such taxes, fees, assessments, and charges imposed as well as all costs and expenses arising from non-payment or late payment thereof or otherwise from any such dispute, including but not limited to penalties, interest, attorneys’ fees, and experts’ fees.

Appears in 1 contract

Samples: Lease Agreement

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