Common use of RENTAL AND PAYMENT TERMS Clause in Contracts

RENTAL AND PAYMENT TERMS. 19.1 An initial payment of 1 month hire plus the key deposit and any Contents Insurance Cover is due before the Equipment is taken on Hire. Subsequent payment(s) must be received by PadStore Ltd. 14 days from the date of invoice via GoCardless (Direct Debit). When vacating a store payment is due for the day that the store is advised off-hire. Stores shall normally be hired out for a minimum rental period of one week unless otherwise agreed. Payment is calculated on the number of days the Equipment is on hire, one week being 7 days. Bank holidays and public holidays are included for the purposes of calculating prices. Parts of a week or month will be charged or refunded pro-rata (‘Pay As You Store’ Package only).

RENTAL AND PAYMENT TERMS. 19.1 An initial payment of 1 month hire plus the key deposit and any Contents Insurance Cover is due before the Equipment is taken on Hire. Subsequent payment(s) must be received by PadStore Ltd. 14 days from the date of invoice via GoCardless (Direct Debit). When vacating a store payment is due for the day that the store is advised off-hire. Stores shall normally be hired out for a minimum rental period of one week unless otherwise agreed. Payment is calculated on the number of days the Equipment is on hire, one week being 7 days. Bank holidays and public holidays are included for the purposes of calculating prices. Parts of a week or month will be charged or refunded pro-rata (‘Pay As You Store’ Flexible Package only).