TENANT COMPENSATION Clause Samples
The Tenant Compensation clause outlines the circumstances under which a tenant is entitled to receive compensation from the landlord. Typically, this clause applies if the landlord fails to meet certain obligations, such as providing access to the premises, maintaining essential services, or completing repairs within a reasonable timeframe. By specifying when and how compensation is provided, this clause protects tenants from financial loss due to the landlord's actions or omissions, ensuring fairness and accountability in the landlord-tenant relationship.
TENANT COMPENSATION. BROKER is given the authority to use LANDLORD'S funds to pay for up to three (3) night's hotel for a TENANT and/or ▇▇▇▇▇ a TENANT'S rent for up to one week, without LANDLORD'S permission, if in the opinion of BROKER the TENANT has suffered an inconvenience or diminishment in value of the premises due to some unforeseen problem. This is to help reduce the probability of litigation against the LANDLORD.
TENANT COMPENSATION. Within five (5) business days after the mutual execution of this Lease, Landlord shall pay to Tenant Three Hundred Thousand and No/100 Dollars ($300,000.00). In addition, if Tenant has paid Carrying Costs (as that term is defined in Section 6.3 of the Phase I Lease) with respect to any period of time after the date of mutual execution of this Lease, then, within five (5) business days after the mutual execution of this Lease, Landlord will refund to Tenant the amount of such Carrying Costs attributable to the period following the mutual execution of this Lease.
TENANT COMPENSATION. BROKER and BROKERAGE FIRM are given the authority to use LANDLORD’S funds to pay for up to three nights hotel for a TENANT and/or ▇▇▇▇▇ a TENANT’s rent for up to one week, without LANDLORD’S permission, if in the opinion of BROKER or the BROKERAGE FIRM the TENANT has suffered or will suffer an inconvenience or diminishment in value of the premises due to some unforeseen problem including, but not limited to, tenting of the premises for termites, major plumbing, or structural repairs. This is to help reduce the chance of litigation against the LANDLORD and encourage the TENANT’s cooperation. Although BROKER and BROKERAGE FIRM may assist in facilitating repairs, inspections, maintenance and cleanings, LANDLORD agrees that neither BROKER or BROKERAGE FIRM are in any way liable as a result of same or failure to do same and LANDLORD further agrees to defend, indemnify, and hold BROKER and BROKERAGE FIRM harmless from any and all injuries, death, damages or claims of any kind that, in any way, arise from a decision to, or not to, make repairs, inspect, maintain or clean the Leased Premises. Unless LANDLORD has notified BROKER or BROKERAGE FIRM in writing prior to the commencement of repairs to use someone else that LANDLORD has selected, BROKER or BROKERAGE FIRM will make arrangements with the third party directly. ▇▇▇▇▇▇▇▇ agrees that LANDLORD shall pay such third party directly and shall defend, indemnify and hold BROKER and BROKERAGE FIRM harmless for payment of same or for said vendor’s failure to abide by state, local or federal law or in the event of pre-1978 properties, the failure of such vendor to not be certified under the Federal RRP Rules. PROCEEDS AND DEPOSITS: BROKER and BROKERAGE FIRM shall send LANDLORD the proceeds collected from the rental of the property minus the rental commission, fees and any costs and expenses provided for in this agreement when monies have cleared the BROKER or BROKERAGE FIRM's bank. If either does disburse money to the LANDLORD before funds have cleared and/or if the funds paid to BROKER or BROKERAGE FIRM come back NSF, stop payment, ACH reversed, there is a credit card chargeback or funds are otherwise not available and BROKER or BROKERAGE FIRM has already disbursed funds to LANDLORD, LANDLORD agrees to immediately refund that amount paid to them to BROKER or BROKERAGE FIRM. All further rent money received, if any, will be held by BROKER or BROKERAGE FIRM to replenish this if LANDLORD does not comply and if no funds are...