Rental Option Clause Samples

A Rental Option clause grants a party, typically a tenant, the right to lease a property under specified terms for a defined period. This clause outlines the conditions under which the option can be exercised, such as notice requirements, rental rates, and any limitations on the option's use. Its core function is to provide flexibility and predictability for both parties by allowing the tenant to secure future occupancy while giving the landlord clarity on potential tenancy arrangements.
Rental Option a. The Licensor warrants the maintenance of the contractually agreed condition of the Software for the contract term and also that the use of the Software according to the contract does not violate any third-party rights. The Licensor will remove any material and legal defects of the Software that arise in due course. b. The Licensee is obligated to inform the Licensor of defects of the Software on discovery without delay. For material defects, this includes the description of the time the defect occurred and the circumstances. c. Strict liability for initial defects pursuant to § 536a para. 1 BGB is precluded. The Licensor ’s liability for culpability remains unaffected.
Rental Option. Soundside Hall, day rental Freshwater Galleries, evening rental (Check one) Conference Room, day rental _Saltwater Galleries, evening rental Big Rock Theater, evening rental _Entire Aquarium, evening rental Guest count: fewer than 50 51-130 (add’n charge for day event only) 130 – 175 guests= $▇▇▇ ▇▇▇-▇▇▇ guest= $250 250+ guest = price TBD Food-&beverage-ware: I will purchase Bio-degradable disposables solely through Aquarium Linen: Rent the Aquarium’s white table linen= $15 per piece Dance floor: Not interested 12 x12 =$330 16X16=$615 20X20=$645 Ceremony direction: I would like the Aquarium to assist with the ceremony direction $175 Ceremony Drape: Not Interested One Drape=$75 Two Drapes=$125
Rental Option. Both Parties may terminate the agreement by giving at least 20 business days written notice. In the event that the Client cancels the agreement prior to the expiry date or Fidelity SecureDrive cancels the agreement due to the Client’s breach, the Client will remain liable for all amounts owning up to the date of cancellation, including and not limited to, cost of installation, the cost of having the unit removed and early cancellation fee as set out in the Customer Application Form or the Voice-logged Contract.
Rental Option. For the Basic, ▇▇▇, Security, Premium and Ultimate Editions, the Licensor develops the Software further and provides support without a separate remuneration to the Licensor being due. §§ 2, 3, 4, 5, 6, 8, 9 and 10 of the Docusnap Service Contract apply accordingly.
Rental Option a. In the event Purchaser exercises the Option granted hereunder, Purchaser agrees to rent to Owner for an initial term of six (6) years, and on an biennial (two-year) basis thereafter, such portion of the Premises, if any, which Purchaser determines in its sole discretion that it does not need, or intend to use, in connection with the construction and operation of the proposed ethanol plant for $75/per acre for irrigated farming, and $50/per acre for dry land farming; provided, however, Purchaser's obligation to rent such property to Owner shall be subject to the terms and conditions of a written lease agreement acceptable to Purchaser in its sole discretion. Purchaser may include in the written lease agreement the option to apply from time to time a portion of Purchaser's blowdown water, provided that such water does not contain chemicals that will harm the crops. Blowdown water shall be applied to land subject to irrigation land rental as designated in the lease agreement on or before April 1 of each year. Purchaser shall provide Owner notice no later than April 1 of each year commencing April 1, 2003, as to that portion of the Premises, if any, which Purchaser determines to be available for Owner to farm in 2003 and, in the event Purchaser exercises the Option hereunder Purchaser shall provide Owner notice no later than September 1, 2007, as to whether Purchaser intends to renew Owner's biennial lease agreement. b. Purchaser understands and agrees that Owner intends to farm all of the Premises in the year 2002 and in the event Purchaser takes any action with respect to the Premises which causes a loss in crop production to the 2002 crop, Purchase shall reimburse Owner $350 per acre for Owner's loss of crops incurred. In the event Purchaser exercises the Option hereunder, Purchaser shall provide Owner notice no later than April 1 of each year as to that portion of the Premises, if any, which Purchaser determines to be available for Owner to farm in that calendar year. In the event Owner thereafter is farming such portion of the Premises, and Purchaser determines during such year that it needs all or any portion of such land being farmed by Owner, then Purchaser may take such action as it deems appropriate, desirable or necessary for its business operations, but shall reimburse Owner $350 per acre for the loss of crops by Owner for that year.
Rental Option. 11.1.1 In the event that the Client opts for the rental of equipment, the equipment provided remains the sole and exclusive property of The Company at all times. 11.1.2 The Client is granted a non-transferable, non-exclusive license to use the equipment for the agreed term, as specified in the Rental Agreement. 11.1.3 The Client agrees to maintain the equipment in good condition, and must promptly notify the Provider of any damage, loss, or malfunction. 11.1.4 Should the Client require calibration or servicing of the equipment at any time, the Company will coordinate the necessary arrangements. However, any associated costs shall be the sole responsibility of the Client. 11.1.5 Upon expiration or termination of the rental term, the client agrees to return the equipment to the provider in the same condition as received, except for reasonable wear and tear. Failure to return the equipment may result in charges as detailed in the Rental Agreement. 11.1.6 The Client agrees to maintain adequate insurance coverage for the equipment rented from the Company to protect against the risk of loss, theft, or damage. The insurance must cover the full replacement value of the equipment for the duration of the rental term. In the event of loss, theft, or damage to the equipment, the Client shall promptly notify the Company and shall be responsible for any costs, including but not limited to repair, replacement, or deductible fees, not covered by the insurance policy. The Company reserves the right to request proof of insurance upon request.
Rental Option. The tenant has the possibility to purchase property only at the end of the lease period. Can you hire a tenant with a credit card? If the landlord does not accept the credit card, the tenant can use plastic (2.5 per cent) to send the money by checking the job, or any.
Rental Option. As an alternative to purchasing an initial license a rental option is offered at a rate of £100 per day per Blue Spider server machine with a minimum rental period of 20 days. If the rental is continued for a period of 120 days then there will be no further charge for the 121 st day or thereafter and it will be treated as though a full license had been purchased. The daily rental charge includes maintenance for the period of rental.
Rental Option. If a Qualified Tenant does not elect the buyout option under Section 5 above, such Qualified Tenant shall be deemed to have elected to remain a tenant in the Housing Accommodation and shall execute a Lease Addendum to such effect (in the form of Exhibit C) no later than the Tenant Election Deadline (the “Rental Option”). All Qualified Tenants who elect the Rental Option and remain in the Housing Accommodation an inconvenience payment of $20,000.00 per unit (the “Inconvenience Payment”) to compensate them for disruption and reduction of services. Payment of the Inconvenience Payment will be made to each Qualified Tenant as follows: 5000 will be paid upon Developer’s Acquisition of the Property, and the balance of $15,000.00 shall be paid at the time that the Qualified Tenant temporarily vacates the Property, as provided further herein. A Qualified Tenant exercising this option must sign a Lease Addendum and a Temporary Relocation Agreement (Exhibit G). Provided however, the foregoing notwithstanding, the payments for certain Qualified Tenants shall be as provided in Exhibit F. Additionally, within 90 days of Developer’s acquisition of the Property, Developer shall address and correct all code violations, life safety issues, and deferred maintenance in a Qualified Tenants’ unit, which items will be delineated in a list acknowledged by both parties approximately 30 days before Developer’s acquisition of the Property.
Rental Option. At the discretion of the obligor, a replacement unit of same or comparable size/capacity may be offered to the original purchaser at a reduced rental rate of 50% off standard ▇▇▇▇▇▇▇▇▇▇'▇ Rental Centre List Price for the time duration in which the product is being repaired under this warranty agreement. Subject to availability.