RENTAL DUE DATE Clause Samples
The RENTAL DUE DATE clause establishes the specific date by which rent payments must be made by the tenant to the landlord. Typically, this clause will state whether rent is due monthly, quarterly, or on another schedule, and may specify a particular day of the month, such as the first or fifteenth. By clearly defining when rent is expected, this clause helps prevent misunderstandings and disputes regarding payment timing, ensuring both parties are aware of their obligations and reducing the risk of late payments.
RENTAL DUE DATE. The Annual Rent for the first Lease Year or partial Lease Year shall be due and payable to the District upon execution of this Lease and for each Lease Year thereafter, the Annual Rent for the Leased Premises is due and payable to the District in advance on or before March 1 of each Lease Year of the term of this Lease, and time is of the essence of said payment. Default in the payment of any rental provided for herein shall be deemed an event of default. In addition to any right or remedy provided in Paragraph 28, the District shall charge the Tenant interest at the maximum legal rate on any rental provided for herein and not paid by said due date. Said interest shall accrue from the due date until paid.
RENTAL DUE DATE. The Annual Rent for the Leased Premises is due and payable to the District in advance on or before March 1 of each Lease Year of the term of this Lease, and time is of the essence of said payment. Default in the payment of any rental provided for herein shall be deemed an event of default. In addition to any right or remedy provided in Paragraph 27, the District shall charge the Tenant interest at the maximum legal rate on any rental provided for herein and not paid by said due date. Said interest shall accrue from the due date until paid.
RENTAL DUE DATE. The Annual Rent for the first Lease Year is due and payable prior to April 1, 2018. For each Lease Year thereafter, the Annual Rent for the Leased Premises is due and payable to the District in advance on or before April 1 of each Lease Year of the term of this Lease, and time is of the essence of said payment. Default in the payment of any rental provided for herein shall be deemed an event of default. In addition to any right or remedy provided in Paragraph 27, the District shall charge the Tenant interest at the maximum legal rate on any rental provided for herein and not paid by said due date. Said interest shall accrue from the due date until paid.
RENTAL DUE DATE. Lessee agrees to pay the Lessor the following amount on or before the ____ day of each month:
RENTAL DUE DATE. Annual rent is due January 2nd of each year or at the commencement of the lease, if applicable. CLO FORM 5-1 (Replaces CLO Form 5-1 dated July 14, 2011) June 19, 2012