RENTAL AND SECURITY DEPOSIT Sample Clauses

RENTAL AND SECURITY DEPOSIT. 3.(1) The rent payable under this Lease for the Twelve (12) month term is as follows: 1st term: March 1, 2021, to February 28, 2022, is: $55,875.00 Lease Agreement 2021-CDBG-DR-04 Xxxxxx - VIHFA Page 2
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RENTAL AND SECURITY DEPOSIT. Tenant agrees to pay Landlord as rent for said Leased Premises the total sum of Twenty-four Thousand and 00/100 Dollars ($24,000.00) in monthly installments of Two Thousand Dollars ($2,000.00) Additionally Tenant shall pay Landlord as a security deposit for said Leased Premises the sum of a Two Thousand Dollars ($2,000.00) All payments of rent and the security deposit to be made in accordance with the provisions of Exhibit "A" attached hereto and made part hereof.
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RENTAL AND SECURITY DEPOSIT. Sub-Lessee agrees to pay to Sub-Lessor, at the office of Sub-Lessor or at such other place as Sub-Lessor may from time to time hereafter designate in writing, rent in the amount of Forty One Dollars per square foot ($41.00/sq. ft.) per year, plus applicable sales tax, payable in advance on the 1st day of each month during the Sub-Lease Term, and increasing by 3% annually, beginning on November 1, 2020, commencing four (4) months after the Commencement Date of this Sublease. For purposes of clarification, no monthly rent shall be due or payable by Sub-Lessee for the first four (4) months of this Sub-Lease. The initial monthly rent shall be $38,106.08 plus sales tax, currently equal to $2,667.43 for a total of $40,773.50, payable monthly (“Rent”). In the event that Sub-Lessee is more than five (5) days late in payment of rent, Sub-Lessee shall pay a late fee equal 5% of the month’s rent, in addition to the interest accruing on the rent or other payments not made by the 5th of every month in accordance with Article 17.7, of the Prime Lease, incorporated herein and made a part hereof, whereby all installments of Rent and any other payments due Sub-Lessor not paid within five (5) days of when due and payable shall bear interest at the Applicable Rate which shall mean the lesser of (i) eighteen percent (18%) per annum, or (ii) the maximum rate permitted by applicable law, from the date due until paid and shall be subject to a late charge in an amount equal to five percent (5%) of the amount due. The payment of such interest shall not excuse or cure any default by Sub-Lessee under this Sub-Lease, unless otherwise specifically provided herein. In the event any check, bank draft or negotiable instrument given for any payment under this Sub-Lease shall be dishonored at any time for any reason whatsoever not attributable to Sub-Lessor, Sub-Lessor shall be entitled, in addition to any other remedy available as described in this Section, to an administrative charge of $250.00. In the event that it shall be necessary for Sub-Lessor to give more than two (2) written notices to Sub-Lessee during any twelve (12) month period for any violation of this Lease related to a late payment of Rent, Sub-Lessor shall be entitled to make an additional late charge to Sub-Lessee of $250.00, for each such additional notice. Sub-Lessee recognizes and agrees that the charges which Sub-Lessor is entitled to make upon the conditions stated in this Section represent, at the time this Sub-Lea...
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RENTAL AND SECURITY DEPOSIT. A. Lessee shall pay to Lessor during the Initial Term rental of $150 per week ("Rent"). A "
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RENTAL AND SECURITY DEPOSIT. Tenant shall pay for the Leased Premises without demand, deduction or set-off and Landlord agrees to accept as basic rent for the Leased Premises the amount set forth below in lawful money of the United States, payable as follows: July 1, 2003 to June 30, 2004 $1.40 per square foot July 1, 2004 to June 30, 2005 $1.45 per square foot July 1, 2004 to December 31, 2005 $1.50 per square foot All lease payments hereunder shall be payable in advance on the first business day of each month for the term of this lease. Tenant has already paid, and Landlord has already accepted, rent for the month of July 2003. The first rent payment due hereunder shall be payable in advance of August1, 2003.
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RENTAL AND SECURITY DEPOSIT. 1. The monthly rental for the premises is Two Hundred and Sixty Thousand Six Hundred and Ten NT Dollars (taxes included). Party B shall issue checks for the total rental due monthly (each check for the monthly rental due on the commencing date of the month) for a year to party A.
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RENTAL AND SECURITY DEPOSIT 
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Related to RENTAL AND SECURITY DEPOSIT

  • Security Deposit Tenant hereby deposits with Landlord the sum of $9,955.00 (hereinafter referred to as “Collateral”), as security for the prompt, full and faithful performance by Tenant of each and every provision of this Lease and of all obligations of Tenant hereunder. No interest shall be paid to Tenant on the Collateral, and Landlord shall have the right to commingle the Collateral with Landlord’s other funds. If Tenant fails to perform any of its obligations hereunder, Landlord may use, apply or retain the whole or any part of the Collateral for the payment of (a) any rent or other sums of money which Tenant may not have paid when due, (b) any sum expended by Landlord on Tenant’s behalf in accordance with the provisions of this Lease, and/or (c) any sum which Landlord may expend or be required to expend by reason of Tenant’s default, including, without limitation, any damage or deficiency in or from the reletting of the Premises as provided in Paragraph 21. The use, application or retention of the Collateral, or any portion thereof, by Landlord shall not prevent Landlord from exercising any other right or remedy provided by this Lease or by law (it being intended that Landlord shall not first be required to proceed against the Collateral) and shall not operate as a limitation on any recovery to which Landlord may otherwise be entitled. If any portion of the Collateral is used, applied or retained by Landlord for the purposes set forth above, Txxxxx agrees, within ten days after the written demand therefor is made by Landlord, to deposit cash with the Landlord in an amount sufficient to restore the Collateral to its original amount. If Tenant shall fully and faithfully comply with all of the provisions of this Lease, the Collateral, or any balance thereof, shall be returned to Tenant without interest after the expiration of the Term or upon any later date after which Txxxxx has vacated the Premises. In the absence of evidence satisfactory to Landlord of any permitted assignment of the right to receive the Collateral, or of the remaining balance thereof, Landlord may return the same to the original Tenant, regardless of one or more assignments of Tenant’s interest in this Lease or the Collateral. In such event, upon the return of the Collateral, or the remaining balance thereof to the original Tenant, Landlord shall be completely relieved of liability under this Paragraph 24 or otherwise with respect to the Collateral. Tenant acknowledges that Lxxxxxxx has the right to transfer or mortgage its interest in the Land and the Building and in this Lease and Txxxxx agrees that in the event of any such transfer or mortgage, Landlord shall have the right to transfer or assign the Collateral to the transferee or mortgagee. Upon written acknowledgement of transferee’s or mortgagee’s receipt of such Collateral, Landlord shall thereby be released by Tenant from all liability or obligation for the return of such Collateral and Tenant shall look solely to such transferee or mortgagee for the return of the Collateral. The Collateral shall not be mortgaged, assigned or encumbered in any manner whatsoever by Tenant without the prior written consent of Landlord.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

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