Rental guarantee. 2.1 At the beginning of the Rental Agreement, the Supplier may demand from the Client-Renter a sum as a guarantee and/or an advance. The guarantee is credited after the termination of the Rental Agreement on the invoice or transferred back after the Supplier has established that the Equipment Rented is still in good condition and that the Client- Renter has fulfilled all its obligations as set out in Art. 8 of the present Special Terms & Conditions, failing which the said guarantee sum will be retained in part or in full by the Supplier.
Rental guarantee. Xxxxxx agrees to provide Landlord with a Rental Guarantee due prior to signing of Lease Contract. Tenant understands that person(s) signing this guarantee will be responsible for Tenant’s payment(s) upon default by Xxxxxx.
Rental guarantee. As security for all of its obligations under this agreement, the Lessee will provide a bank guarantee solely in favor of the Lessor that is issued by a recognized Belgian financial institution, in which an amount that is at least equivalent to six month’s rent is guaranteed. This guarantee will issued and the letter of guarantee will be handed to the Lessor before the lease enters into force. The bank guarantee will take effect when the leased premises are occupied. The bank guarantee can be validly claimed by the Lessor by just sending a registered letter to the bank and is payable at first request. The guarantee cannot be used under any circumstances by the Lessee for his other commitments, such as the payment of rent, to be fulfilled under this agreement. The guarantee expires six months after the termination of the lease agreement.
Rental guarantee. In case the Lessee wants to join the Rental Guarantee Program, he should notify the Lessor about it before the Lease Registration and the Lessee must purchase “Exclusive furniture package” from the Lessor which is a necessary condition for the Rental Guarantee Program. In this case, the Lessor guarantees to the Lessee to pay a rental return according to the chosen Option in Reservation Form (Annex A) after the Registration Date of the “Lease Price” mentioned in clause 3.1 and this rental return shall be payable within 30 days from the anniversary of the Registration Date. The Lessor allows the Lessee 15 day’s periods stay per year in the unit during within May 1st and October 31st during the Rental Guarantee period. Dates of stay must be agreed between both parties. The Lessor shall pay the Rental Guarantee Return to the Lessee’s account (The Rental Guarantee Return payments shall be made to the Lessee’s Thai Bank account in Thai Baht Only), the details of which the Lessee will provide to the Lessor in the additional Rental Guarantee Program Agreement which shall be signed by the Parties after the Registration Date. In the event the Lessee has changed the bank account, the Lessee shall notify to the Lessor in writing, otherwise, the Lessor is not liable thus the payment fails to go through to the Lessee. The Lessee may opt to switch from Rental Guarantee to Pool Rental Program by sending notice to the Lessor at least 60 days in advance. The Lessee may rent out the Unit only by joining either Rental Guarantee Program or Rental Pool program.
Rental guarantee. The rental guarantee is fixed at 2 months’ rent (standard price for furnished room rental), i.e. EUR for the rented room.
Rental guarantee. 1.1. If the buyer:-
1.1.1. Strictly complies with the terms and conditions of the Contract, including (without limitation) that the Buyer settles the contract; and
1.1.2. Immediately following settlement, must sign all relevant documents to appoint the Agent as the managing agent to manage the rental of the lot; and
1.1.3. Continues the appointment of the Agent as the managing agent during the guarantee period;
1.1.4. Accepts all suitable tenants introduced by the Agent during the guarantee period;
1.1.5. Maintains all necessary policies of insurance (as determined by the Agent), with insurers that are acceptable to the Agent;
1.1.6. Signs all documents, and does all acts reasonably necessary to:
1.1.6.1. Lawfully appoint the Agent as the managing agent; and
1.1.6.2. Rent the Property to tenants nominated by the Agent;
1.1.7. Strictly complies with all terms of this Agreement. Then the Agent covenants that the Gross Rental Income for the Lot for the guaranteed will not be less the Minimum Rental Amount. For the avoidance of doubt, any excess rental received will be paid to the Buyer.
Rental guarantee. In case the Lessee wants to join the Rental Guarantee Program, he should notify the Lessor about it before the Lease Registration and the Lessee must purchase “Exclusive furniture package” from the Lessor which is a necessary condition for the Rental Guarantee Program. In this case, the Lessor guarantees to the Lessee to pay a rental return according to the chosen Option in Reservation Form (Annex A) after the Registration Date of the “Lease Price” mentioned in clause 3.1 and this rental return shall be payable within 30 days from the anniversary of the Registration Date. The Lessor allows the Lessee 15 day’s periods stay per year in the unit during within May 1st and October 31st. during the Rental Guarantee period. Dates of stay must be agreed between both parties. The Lessor shall pay the rental return to the Lessee account details of which Lessee will provide to the Lessor at the additional Rental Guarantee Program agreement into which both sides can enter after Registration Date. In the event the Lessee has changed the bank account, the Lessee shall notify to the Lessor in writing, otherwise, the Lessor is not liable thus the payment fails to go through to the Lessee. The Lessee may opt to switch from Rental Guarantee to Pool Rental Program by sending notice to the Lessor at least 60 days in advance. The Lessee may rent out the Unit only by joining either Rental Guarantee Program or Rental Pool program.
Rental guarantee. Upon signing of the lease, the lessee shall hand over to the lessor, by way of a guarantee, a cheque to the sum of BEF 1,656,000 (one million six hundred and fifty-six thousand francs), equivalent to six months' rental. This guarantee shall be returned to the lessee when it has created a bank guarantee as described below. To this end the lessee shall provide, to the exclusive benefit of the lessor, the irrevocable guarantee of a bank or an insurance company established in Belgium and accredited by the lessor, to pay all sums of any kind whatsoever that the lessee may owe the lessor by virtue of this lease. This guarantee shall be to an amount equivalent to six months' rent and must be adjusted every year on the basis of the indexed rental at that time, the date of the rental increase as stated in Article 6 above serving as formal notice. The guarantee shall be callable upon first request, notwithstanding any opposition by the lessee. Furthermore, this guarantee may only come to an end subject to the prior written agreement of the lessor, or failing this, further to a court decision, even if said agreement is given after the final date of expiration of the lease. It must state that the bank or insurance company providing it is perfectly acquainted with this lease, and more especially with this article. Upon expiration of the final period of the lease, the guarantee shall be restored to the lessee, once the latter has given proof of the complete fulfilment of all obligations incumbent upon it by virtue of the law and of this contract.
Rental guarantee. The amount of the rental guarantee is increased from BEF 1,656,000 (one million six hundred and fifty-six thousand francs) to BEF 3,182,000 (three million one hundred and eighty-two thousand francs). For the rest, the provisions of Article 7 of the main lease contract apply to this codicil.
Rental guarantee. The amount of the rental guarantee is to be adjusted in accordance with the provisions of Article 7 of the main lease contract of 18 July 1997.
