RENTS AND PAYMENTS. A. For the term of this Agreement, Lessee agrees to pay to Lessor, as rental for the use of Premises leased to Lessee hereunder, a fixed monthly rent which shall be computed by multiplying the number of square feet contained within the boundaries of the Premises (as shown on Exhibit "A") $0.50 per square foot (900ft2) or $450.00 per month.
B. Lessee further agrees to pay to Lessor a fixed monthly amount, $575.00, to cover the portion of utilities (electric, water, sewer, and heating fuel) consumed by the Lessee on the Premises. Lessor reserves the right to increase the payment for utilities based on usage during the term of this agreement.
C. Rent and utilities for the first month of the term in the amount of $1,025.00 will be due within thirty (30) days of the commencement date of this Agreement.
D. Should the Lessee exercise the right to extend the term of the agreement as described in Article II. B., subsequent rent payments are due on or before the first day of each month.
E. Should either party exercise the right to terminate the agreement as described in Article II. A.2., pro-rated rent payments will be returned to the Lessee within 30 days of the date of termination.
F. Lessee further agrees to pay Lessor an interest charge of 1-1/2% per month (18% annual percentage rate) on all rents and fees due to Lessor hereunder for each month or fraction of a month that such rents or payments remain unpaid beyond thirty days after the date on which they are due as specified hereinabove. Delinquent accounts are subject to collection fees. ALL THE TERMS, conditions, and provisions of the Agreement not specifically modified herein shall in all respects govern and control as first written January 18, 2017.
RENTS AND PAYMENTS. A. For the Lease Term, Xxxxxx agrees to pay to Lessor, as rental for the use of the Premises hereunder, a fixed rent which shall be computed by multiplying the number of square feet contained within the boundaries of each Premises (as shown on Exhibit "A") by 18 cents ($0.18) per square foot per year. Total annual rent shall be $9,000.00; monthly rent shall be $750.00 per month. Rent for the first month of the Lease Term of this Agreement will be due within thirty (30) days of the Effective Date.
B. Xxxxxx further agrees to pay Lessor an interest charge of 1-1/2% per month (18% annual percentage rate or the highest rate permitted by state law) on all Rents and fees due and payable to Lessor hereunder for each month or fraction of a month that such Rent or payments due and payable remain unpaid beyond thirty
RENTS AND PAYMENTS. A. For the term of this Agreement, Lessee agrees to pay to Lessor, as rental for the use of the Premises leased to Lessee hereunder, a fixed annual rent which shall be computed by multiplying the number of square feet contained within the boundaries of the Premises (as shown on Exhibit "A") 18 cents ($0.18) per square foot.
i. Said fixed annual rent shall be pro-rated for the first year and first be paid within thirty (30) days of the effective date of this Agreement. Thereafter the fixed rent shall be paid annually on or before the first (1st) day of each year, January 1st, during the term of the lease.
B. Starting January 1, 2024, and every fifth (5th) year thereafter for successive five year terms, the annual rental shall be adjusted, upward only if to be changed at all, based on the rental charge then in effect and the U.S. Bureau of Labor Statistics Consumer Price Index for Urban Consumers, Northeast Area, All Items, Base Period 1982- 84=100, (Not Seasonally Adjusted) as added cumulatively for the previous five (5) year period as of the end of the immediately preceding June 30th, and then calculated by the Lessor’s municipal officers in a consistent manner. Lessor shall endeavor to notify Lessee of the adjusted annual rent by December 15 of the year before the year when the new rent takes effect, but any failure of the Lessor to do so shall not affect the Lessee’s obligation to pay the higher rent as of its effective date, and such higher rate shall be paid within 30 days of written notice by Lessor to Lessee and shall be retroactive to the date of adjustment.
C. Lessee further agrees to pay Lessor an interest charge of 1-1/2% per month (18% annual percentage rate) on all rents and fees due to Lessor hereunder for each month or fraction of a month that such rents or payments remain unpaid beyond thirty (30) days after the date on which they are due as specified hereinabove. Delinquent accounts are subject to collection fees.
RENTS AND PAYMENTS. A. Lessee agrees to pay to Lessor, as rental for the use of Parcel "P-16” leased to Lessee hereunder, a fixed annual rent which shall be computed by multiplying the number of square feet contained within the boundaries of said Parcel "P-16" (as shown on Exhibit "A") by the applicable annual rental rate from the following schedule: March 1, 2016 through December 31, 2019 $0.300 per square foot. January 1, 2020 through December 31, 2024 $0.321 per square foot. January 1, 2025 through December 31, 2029 $0.343 per square foot. January 1, 2030 through December 31, 2034 $0.368 per square foot. January 1, 2035 through February 28, 2036 $0.393 per square foot. Said fixed annual rent shall be paid in advance on or before March 1st each year during the term of the lease of said Parcel "P-16“.
B. In addition, Lessee agrees to pay Lessor a one-time fixed Impact Fee at lease execution of $6,400.00. This impact fee is required for the following State and Federal requirements: ME SLODA Permit modification, Data Collection, Review FAR Part 77 Airspace, 7460 Notice, and project administration. As an alternative to the one-time fee, the Lessor will offer the Lessee financing with the following terms: 20% down at 4.5% APR over five (5) years. Should the Lessee choose the financing option, this will be collected in five (5) annual payments of $1,166.29 in addition to the rent described in item A above for the first five years of the lease term.
C. Lessee further agrees to pay Lessor an interest charge of 1.5% per month (18% annual percentage rate) on all rents and fees due to Lessor hereunder for each month or fraction of a month that such rents or payments remain unpaid beyond thirty days after the date on which they are due as specified hereinabove.
RENTS AND PAYMENTS. A. For the purposes of this Agreement, all rents, fees or other payments that are due to the City shall be issued to the City’s designated Airport Manager who will accept all payments on the City’s behalf.
B. During the term of this Agreement, Lessee agrees to pay to the City the following amounts, which shall collectively represent the Rental Fee for the use of the Leased Premises:
RENTS AND PAYMENTS. For the Lease Term, Xxxxxx agrees to pay to Lessor, as rental for the use of the Premises hereunder, a fixed rent which shall be computed by multiplying the number of square feet contained within the boundaries of each Premises (as shown on Exhibit "A") by 18 cents ($0.18) per square foot per year. Total annual rent shall be $4,050.00; monthly rent shall be $337.50 per month. Rent for the first month of the Lease Term of this Agreement will be due within thirty (30) days of the Effective Date.
a. Rent shall be paid on or before the first (1st) day of each month during the Lease Term, unless terminated. Rent shall be remitted to the Airport Manager’s Office at the address specified in Article IX.
b. Xxxxxx further agrees to pay Lessor an interest charge of 1-1/2% per month (18% annual percentage rate or the highest rate permitted by state law) on all Rentsand fees due and payable to Lessor hereunder for each month or fraction of amonth that such Rent or payments due and payable remain unpaid beyond thirty (30) days after the date on which such payments are due as specifiedhereinabove. Delinquent accounts may be subject to collection fees.
RENTS AND PAYMENTS. The following amount is to be paid in advance by the 1st of each month : Rent of the apartment EUR Rent of the furniture (taxes included) EUR for srl à Hermès Provision for charges EUR (cfr art. 5) TOTAL TO PAY (all inclusive) EUR With the mention “Rent” and on the account
RENTS AND PAYMENTS. Buyer shall receive from the applicable Seller a credit for any rent and other income, including community fees, under each Resident Agreement and Lease collected by such Seller before Closing that applies to any period after Closing. Uncollected rent and other uncollected income and community fees shall not be prorated at Closing. After Closing, Buyer shall apply all rent and income collected by Buyer from a tenant under a Resident Agreement or Lease, first to such tenant’s current monthly rental, then to the month in which Closing occurred, and then to arrearages in the reverse order in which they were due, remitting promptly to the applicable Seller any balance properly allocable to such 00 Xxx Xxxxxxxxxx, Xxxx Xxxx Xxxx, Xxxx Xxxxxxxxxx Xxxxx, Xxxx Xxxx Xxxx, Xxxx The Charleston Cedar Hills, Utah Seller’s period of ownership. Buyer shall xxxx and use commercially reasonable efforts to collect such rent arrearages in the ordinary course of business, but Buyer shall not be obligated to engage a collection agency or take legal action to collect any rent arrearages. Any rent or other income received by the applicable Seller under any Resident Agreement or Lease after Closing which are owed to Buyer shall be remitted to Buyer by such Seller promptly after receipt for allocation and disbursement as provided herein.
RENTS AND PAYMENTS
