Common use of Term and Rent Clause in Contracts

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to commence on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the Lease shall be deemed to commence on the first day of the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments thereto.

Appears in 1 contract

Samples: Agreement of Lease

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Term and Rent. Landlord hereby leases Subject to Tenant the apartment known as apartment No. designated as rooms in Unit No. provisions of Section 1 above, in the Lease term (hereinafter sometimes called the ApartmentTerm”) at , State of New York, on a month to month basis to commence on for the day of , 20 , or when Tenant occupies Furniture shall be coterminous with the Apartment, whichever is soonerSublease, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire upon the expiration or be terminated as hereinafter provided), at a rent of $ each month during the term earlier termination of the leaseSublease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease shall commence on a day terminate without any further action required by either party to effect such termination. Rent for the Furniture is deemed received by Lessor effective as of the Commencement Date of the Sublease and payment of the initial Base Rent payment under the Sublease. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED HEREIN, THIS IS A NON-CANCELABLE, NON-TERMINABLE LEASE OF FURNITURE FOR THE ENTIRE TERM OF THE SUBLEASE. 3 POSSESSION; PERSONAL PROPERTY; CONFIGURATION No right, title or interest in the Furniture shall pass to Lessee other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion right to maintain possession and use of the monthly installment Furniture for the Sublease Term (provided no Event of rent payable hereunder in respect of Default [as defined below] has occurred and continues) free from interference by any person claiming by, through, or under Lessor or Landlord. Lessee will not permit the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and Furniture at any time during the Lease Term to be removed from the Premises, except as may be necessary for routine maintenance. Lessee agrees to give and record such notices and to take such other commercially reasonable action at its own expense as may be necessary to prevent any third party (other than a party claiming through Lessor or Landlord) from acquiring or having the right under any circumstances to acquire any interest in the Furniture or this Lease. Not later than the Commencement Date, to the extent requested to do so by Lessee, Lessor shall be deemed have reconfigured the Furniture to commence on the first day of configurations that reasonably conform to the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by Final Plans for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the LawImprovements. If after reconfiguration there exists any excess Furniture, Sublessor shall remove the rent excess Furniture from the Sublease Premises at no cost to Sublessee and Sublessee shall not be responsible for the Apartment is increased by reason cost of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of storing such rent increase has been given to Tenant, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments theretoexcess Furniture.

Appears in 1 contract

Samples: Lease Agreement (Palm Inc)

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to commence on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty ninety (3090) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided)Tenant, at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant ... Xxxxxx agrees to pay the rent and any and all additional rent charges in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the Lease shall be deemed to commence on the first day of the next calendar month. Tenant Xxxxxx acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments thereto.

Appears in 1 contract

Samples: Agreement of Lease

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to commence on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty ninety (3090) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided)Tenant, at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. ... Tenant agrees to pay the rent and any and all additional rent charges in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the Lease shall be deemed to commence on the first day of the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments thereto.

Appears in 1 contract

Samples: Agreement of Lease

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to commence on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such The term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease/Rental Agreement shall commence as of the date written above and shall continue from the first day of the month immediately following on a month-to-month basis until terminated. Occupant shall pay Owner as a monthly Rent, all of which are deemed to be additional rent hereunder. Tenant agrees to pay without deduction, prior notice, demand or billing statement, the rent and sum noted above (plus any and all additional rent applicable tax imposed by any taxing authority) in advance on the first day of each month during said month. If the term at the office of Landlord or such this Lease/Rental Agreement shall commence other than on the first day of each month during said termthe month, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant Occupant shall pay a full month's Rent for the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease month and shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward owe a pro rata portion of the monthly installment of rent payable hereunder in respect second month's Rent. Occupant understands and agrees that under no circumstances will Occupant be entitled to a refund of the unexpired first month's Rent paid upon execution of the Lease/Rental Agreement. Also, Occupant shall not be entitled to a refund of a pro rata portion of the Rent for the month in which the termination occurs. The monthly Rent, amounts and type of other Fees and/or Charges, as well as any other term of this Lease/Rental Agreement, may be adjusted by Owner effective the month following written notice by Owner to Occupant specifying the adjustment, which such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the Lease notice shall be deemed to commence on the first day of the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease not less than thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject prior to the powers, rights first day on which the adjustment shall be effective. Any such adjustment shall not otherwise affect other terms of this Lease/Rental Agreement and privileges, all other terms of this Lease/Rental Agreement shall remain in full force and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant effect. [Go to the Law and to the rights and powers of the Commissioner under the Law or any amendments thereto.next page]

Appears in 1 contract

Samples: Lease/Rental Agreement

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to commence on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such The term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease/Rental Agreement shall commence as of the date written above and shall continue from the first day of the month immediately following on a month-to-month basis until terminated. Occupant shall pay Owner as a monthly Rent, all of which are deemed to be additional rent hereunder. Tenant agrees to pay without deduction, prior notice, demand or billing statement, the rent and sum noted above (plus any and all additional rent applicable tax imposed by any taxing authority) in advance on the first day of each month during said month. If the term at the office of Landlord or such this Lease/Rental Agreement shall commence other than on the first day of each month during said termthe month, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant Occupant shall pay a full month's Rent for the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease month and shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward owe a pro rata portion of the monthly installment of rent payable hereunder in respect second month's Rent. Xxxxxxxx understands and agrees that under no circumstances will Occupant be entitled to a refund of the unexpired first month's Rent paid upon execution of the Lease/Rental Agreement. Also, Occupant shall not be entitled to a refund of a pro rata portion of the Rent for the month in which the termination occurs. The monthly Rent, amounts and type of other Fees and/or Charges, as well as any other term of this Lease/Rental Agreement, may be adjusted by Owner effective the month following written notice by Owner to Occupant specifying the adjustment, which such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the Lease notice shall be deemed to commence on the first day of the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease not less than thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject prior to the powers, rights first day on which the adjustment shall be effective. Any such adjustment shall not otherwise affect other terms of this Lease/Rental Agreement and privileges, all other terms of this Lease/Rental Agreement shall remain in full force and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments theretoeffect.

Appears in 1 contract

Samples: Lease/Rental Agreement

Term and Rent. Landlord hereby leases A. The initial term ("Initial Term") of any Schedule to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to which this Lease relates shall commence on the day the first item of , 20 , Equipment listed on such Schedule is delivered to Lessee or when Tenant occupies Lessee's representative (the Apartment, whichever "Commencement Date") and shall be of such duration as is sooner, prescribed in such Schedule. Advance Rent and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term any Security Deposit as provided in any Schedule shall sooner cease be payable upon the execution of this Lease or the applicable Schedule. Interim rent shall be payable for the period between the Commencement Date and expire or be terminated as hereinafter provided), the first day of the month following the Commencement Date at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant daily rate equal to the Law periodic rental provided in any Schedule divided by the number of days in the period and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to subsequent payments shall be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent due periodically in advance on the first day of each month during said term successive period thereafter until all rent and other sums chargeable to Lessee hereunder are paid in full. LESSEE'S OBLIGATION TO PAY RENT AND LESSEE'S OTHER MONETARY OBLIGATIONS HEREUNDER ARE ABSOLUTE AND UNCONDITIONAL AND ARE NOT SUBJECT TO ANY ABATEMENT, SET-OFF, DEFENSE OR COUNTERCLAIM FOR ANY REASON WHATSOEVER. Any Security Deposit shall secure all obligations of Lessee hereunder and may be applied at Lessor's discretion to any past obligation of Lessee and to the office of Landlord or such on the first day of each month during said termextent not applied shall be returned to Lessee, without interest, at the office expiration of Landlord this Lease or the applicable Schedule. - 1 of 8- All payments of rent shall be made to Lessor at the address set forth herein or such other place address as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant Lessor shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder designate in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the Lease shall be deemed to commence on the first day of the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments theretowriting.

Appears in 1 contract

Samples: Master Lease Agreement (Virologic Inc)

Term and Rent. Landlord hereby leases A. The initial term ("Initial Term") of any Schedule to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to which this Lease relates shall commence on the day the first item of , 20 , Equipment listed on such Schedule is delivered to Lessee or when Tenant occupies Lessee's representative (the Apartment, whichever "Commencement Date") and shall be of such duration as is sooner, prescribed in such Schedule. Advance Rent and to terminate on thirty (30) days written notice any Security Deposit as provided in any Schedule shall be payable upon the execution of this Lease or the applicable Schedule and shall not be refundable if the lease term for any reason does not commence or if this Lease is duly terminated by Landlord to Tenant (unless such term Lessor. Interim rent shall sooner cease be payable for the period between the Commencement Date and expire or be terminated as hereinafter provided), the first day of the month following the Commencement Date at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant daily rate equal to the Law periodic rental provided in any Schedule divided by the number of days in the period and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to subsequent payments shall be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent due periodically in advance on the first day of each month during said term successive period thereafter until all rent and other sums chargeable to Lessee hereunder are paid in full. Lessee's obligation to pay rent and Lessee's other monetary obligations hereunder are absolute and unconditional and are not subject to any abatements, set-off, defense or counterclaim for any reason whatsoever. Any Security Deposit shall secure all obligations of Lessee hereunder and may be applied at Lessor's discretion to any past due obligation of Lessee and to the office of Landlord or such on the first day of each month during said termextent not applied shall be returned to Lessee, without interest, at the office expiration of Landlord this Lease or the applicable Schedule. All payment of rent shall be made to Lessor at the address set forth herein or such other place address as Landlord may designateLessor shall designate in writing. B. Whenever any payment is not made by Lessee when due hereunder, without any setoff or deduction whatsoeverLessee agrees to pay to Lessor, except that Tenant shall pay not later than one month thereafter interest on all monies due Lessor from and after the first full monthly installment date same is due at the rate of one and one-half (1-1/2%) percent per month until paid, but as to each of the foregoing in no event more than the maximum rate permitted by law. C. As used herein, "Actual Cost" means the cost to Lessor of purchasing and delivering the Equipment to Lessee, including taxes, transportation and other charges. The amount of each Rental Payment and the Security Deposit set forth in the Schedule are based on the execution hereof total cost set forth in Lessor's purchase order for the Equipment (unless this Lease "Equipment Cost"), which is an estimate, and shall be adjusted proportionately if the actual cost of the Equipment is greater than said estimate. Lessee hereby authorizes Lessor to adjust upward the amounts set forth in the Schedule when the actual cost is known and to add to the amount of each Rental Payment any sales, use or leasing tax that may be imposed on or measured by the Rental Payments. Lessor will inform Lessee of the adjustments necessary to reflect Actual Cost. If the Actual Cost of the Equipment on any Schedule exceeds the Estimated Cost by more than ten (10%) percent thereof (exclusive of taxes), Lessor shall, if it desires to add to the Estimated Cost an amount in excess of 10% of Estimated Cost, so notify Lessee in writing. Within fifteen days (15) days thereafter, Lessee at its option may terminate the relevant Schedule by giving notice to Lessor of its intention to do so, effective the day of such notice, subject however to the provisions of Section 3.A hereof. If, at any time prior to acceptance of the Equipment leased hereunder, Lessor makes a renewalgeneral pricing increase with respect to new leases (including increases reflecting increases in financing cost or operating expenses) and desires that such increase be reflected in the Rental Payments to be charged to Lessee under the Schedule relating to such Equipment, then Lessor shall promptly notify Lessee of such increase ("Increase Notification"). If occupancy under this Lease shall commence on a day other than the first day such increase is in excess of a calendar month, such first monthly installment shall be applied first toward a pro rata portion ten (10%) percent of the monthly installment of rent payable hereunder in respect amount of the unexpired portion of such month Rental Payment, Lessee at its option may terminate the relevant Schedule; provided, however, the Lessor must be notified, within fifteen (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the Lease shall be deemed to commence on the first day of the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (6015) days after notice the date of Increase Notification, of Lessee's intentions to do so, effective the day of such rent notice to Lessor. If any increase has been given under this Section 3.D is not in excess of ten (10%) of the Rental Payment, or if Lessor is not notified of Lessee's intentions to Tenantterminate the relevant Schedule within the fifteen (15) day period set forth herein, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject relevant Schedule shall be automatically adjusted to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments theretonew higher Rental Payment.

Appears in 1 contract

Samples: Master Lease Agreement (Tanisys Technology Inc)

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on to be used for a month to month basis term to commence on the day of 20 , and to terminate on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order Order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under the term of this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the hereunder. This Lease shall be deemed to commence on renewed automatically at the first day end of the next calendar month. Tenant acknowledges that he has been informed term or any renewal thereof for successive terms of year(s) upon the same terms and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that conditions unless the Tenant is a staff membernotifies Landlord, employee or student in writing, by certified mail, at least one calendar month prior to the expiration of the above sponsorterm hereof or any renewal thereof, of Tenant’s intention not to renew. This renewal clause shall not be effective unless Landlord gives Tenant notice at least fifteen (15) days prior to the commencement of the last calendar month of any term or a similar institution renewal thereof, personally or is an aged or handicapped person by certified mail, of low income as defined in the LawTenant’s right to elect not to renew this Lease. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease Lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease least thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law law or any amendments thereto.

Appears in 1 contract

Samples: Agreement of Lease

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to commence on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the The term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) date hereof and the balance towards the next monthly installment due hereunder and the Lease lease term of each item of Equipment shall be deemed to commence on the first day date of the next calendar month. Tenant acknowledges that he has been informed Acceptance Certificate with respect to such item and is aware that Landlord was sponsored by shall continue for the purpose number of providing housing for its staff membersmonths, employees and any proration thereof, specified in the applicable Lease Schedule. Rental payments shall be in the amounts and shall be due and payable as set forth in the applicable Lease Schedule. Lessee shall, in addition, pay interim rent to Lessor on a prorata basis from the Acceptance Date to the Lease Term Commencement Date set forth in the applicable Acceptance Certificate on such Lease Term Commencement Date. If any rent or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student other amount payable hereunder shall not be paid within 10 days of the above sponsordate when due, Lessee shall pay as an administrative and late charge an amount equal to 6% of the amount of any such overdue payment. In addition, Lessee shall pay interest on such delinquent payment from 30 days after the due date until paid at the rate of 18% per annum or the maximum amount permitted by law, whichever is lower. All payments to be made to Lessor shall be made to Lessor at the address shown above, or a similar institution or is an aged or handicapped person of low income at such other place as defined Lessor shall specify in the Lawwriting. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the LawEXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN WRITING EXECUTED BY LESSOR AND LESSEE, thenTHIS IS A NONCANCELABLE, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments theretoNONTERMINABLE LEASE FOR THE TERM SET FORTH IN EACH LEASE SCHEDULE HERETO.

Appears in 1 contract

Samples: Master Equipment Lease Agreement (Applied Data Communications Inc)

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to commence on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such The term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease/Rental Agreement shall commence as of the date written above and shall continue from the first day of the month immediately following on a month-to-month basis until terminated. Occupant shall pay Owner as a monthly Rent, all of which are deemed to be additional rent hereunder. Tenant agrees to pay without deduction, prior notice, demand or billing statement, the rent and sum noted above (plus any and all additional rent applicable tax imposed by any taxing authority) in advance on the first day of each month during said month. If the term at the office of Landlord or such this Lease/Rental Agreement shall commence other than on the first day of each month during said termthe month, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant Occupant shall pay a full month's Rent for the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease month and shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward owe a pro rata portion of the monthly installment of rent payable hereunder in respect second month's Rent. Xxxxxxxx understands and agrees that under no circumstances will Occupant be entitled to a refund of the unexpired first month's Rent paid upon execution of the Lease/Rental Agreement. Also, Occupant shall not be entitled to a refund of a pro rata portion of the Rent for the month in which the termination occurs. The monthly Rent, amounts and type of other Fees and/or Charges, as well as any other term of this Lease/Rental Agreement, may be adjusted by Owner effective the month following written notice by Owner to Occupant specifying the adjustment, which such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the Lease notice shall be deemed to commence on the first day of the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease not less than thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject prior to the powersfirst day on which the adjustment shall be effective. Any such adjustment shall not otherwise affect other terms of this Lease/Rental Agreement and all other terms of this Lease/Rental Agreement shall remain in full force and effect. [Go to next page] 3(a). OWNER'S LIEN; DEFAULT. Pursuant to Utah Code Xxx. §§ 38-8-1 et seq. and any contractual liens, rights and privilegesOwner has a lien on all personal property stored within the Premises for rent, labor, and other charges, and for expenses reasonably incurred in the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control sale or other disposition of the Commissioner pursuant personal property. If Rent or other charges due under this Lease/Rental Agreement are delinquent thirty (30) days after the due date, Owner may enforce the lien by terminating Occupant's right to use of the Premises and denying Occupant access to the Law personal property therein, and by selling and otherwise disposing of the personal property stored in the Premises to satisfy the lien. Prior to the rights lien sale, Owner will mail Occupant a lien notice and powers of advertise the Commissioner under the Law or any amendments theretolien sale in a local newspaper and/or on xxx.xxxxxxxxxxxxxxxxxxxxx.xxx. By CLICKING HERE , Occupant acknowledges that he has read and understands Owner's lien.

Appears in 1 contract

Samples: Lease/Rental Agreement

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Term and Rent. Landlord hereby Lessor leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in Property for a term (hereinafter sometimes called the “ApartmentLease Term”) at , State of New York, on a month to month basis to commence commencing on the date hereof (the “Commencement Date”) and ending on the 31st day of May, 20 2085, or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided)at 12:00 midnight, at a rent monthly rental of $ each month during the term of the lease, $12,926.42 plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York “CPI adjustment” (hereinafter referred to as Commissioner”defined below), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent in advance payable on the first day of each month for that month’s rental, during said the term at of this Lease. The rent payable under this Agreement shall be subject to annual cost of living adjustments (the office “CPI adjustment”) in accordance with the following provisions: (a) the Consumer Price Index for urban wage earners and clerical workers, U.S. city average all items, as promulgated by the Bureau of Landlord or such on Labor statistics of the first day U.S. Department of Labor, for the month of December, 2002 shall be designated the Base Price Index; (b) promptly after December 31 2003, and after December 31 of each month during said termyear thereafter, the rent shall be adjusted so that the ratio of the Price Index for January following December 31 of each such year to the adjusted rental (to be paid) shall be the same as the ratio of the Base Price Index to the rent (then being paid); (c) no adjustment shall reduce the adjusted rental to be paid below the rent then being paid. All rental payments shall be made to Lessor at the office of Landlord or such other place as Landlord Lessor may from time to time designate. It is the intention of the parties hereto that the rent herein specified shall be net to the Lessor in each year during the term of this Lease; that all costs, without any setoff or deduction whatsoeverexpenses, except that Tenant shall pay and obligations of every kind relating to the first full monthly installment on the execution hereof Property (unless this Lease be a renewal). If occupancy under otherwise specifically provided herein) which may arise or become due during the term of this Lease shall commence on a day other than be paid by the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the Lease shall be deemed to commence on the first day of the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income Lessee except Lessor’s rental license and that the Apartment leased hereby is leased to Tenant with Lessor shall be indemnified by the understanding that the Tenant is a staff memberLessee against such costs, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, expenses and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments theretoobligations.

Appears in 1 contract

Samples: Ground Lease Agreement (Sunrise Senior Living Inc)

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on to be used for a month to month basis term to commence on the day of 20 , and to terminate on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order Order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant Xxxxxx agrees to pay the rent and any and all additional rent in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under the term of this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the hereunder. This Lease shall be deemed to commence on renewed automatically at the first day end of the next calendar month. Tenant acknowledges that he has been informed term or any renewal thereof for successive terms of year(s) upon the same terms and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that conditions unless the Tenant is a staff membernotifies Landlord, employee or student in writing, by certified mail, at least one calendar month prior to the expiration of the above sponsorterm hereof or any renewal thereof, of Xxxxxx’s intention not to renew. This renewal clause shall not be effective unless Landlord gives Tenant notice at least fifteen (15) days prior to the commencement of the last calendar month of any term or a similar institution renewal thereof, personally or is an aged or handicapped person by certified mail, of low income as defined in the LawTenant’s right to elect not to renew this Lease. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease Lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant Xxxxxx gives at lease least thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law law or any amendments thereto.

Appears in 1 contract

Samples: Agreement of Lease

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. _ designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on to be used for a month to month basis term to commence on the day of 20 , and to terminate on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order Order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant Xxxxxx agrees to pay the rent and any and all additional rent charges in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under the term of this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the hereunder. This Lease shall be deemed to commence on renewed automatically at the first day end of the next calendar month. Tenant acknowledges that he has been informed term or any renewal thereof for successive terms of year(s) upon the same terms and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that conditions unless the Tenant is a staff membernotifies Landlord, employee or student in writing, by certified mail, at least one calendar month prior to the expiration of the above sponsorterm hereof or any renewal thereof, of Tenant’s intention not to renew. This renewal clause shall not be effective unless Landlord gives Tenant notice at least ninety (90) days prior to the commencement of the last calendar month of any term or a similar institution renewal thereof, personally or is an aged or handicapped person by certified mail, of low income as defined in the LawTenant’s right to elect not to renew this Lease. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease Lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant Xxxxxx gives at lease least thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law law or any amendments thereto.

Appears in 1 contract

Samples: Agreement of Lease

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to commence on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the The term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Master Lease shall commence as of the date set forth above and shall continue until the obligations of Lessee under this Master Lease and all Schedules shall have been fully performed. The Lease Term of each Schedule shall begin on the commencement date set forth on such Schedule ("Commencement Date") and shall continue until all the obligations of the Lessee have been fully performed to regard to all Equipment set forth in the applicable Schedule. The installments of rent (each a day other than "Rent Payment") shall be payable periodically and shall be received by Lessor on the first day dates, in the amounts, for the Rent Periods over the Lease Term indicated in the Schedule without deduction, offset or abatement of a calendar monthany kind until the balance of all the Rent Payments and all Additional Rent and all expenses chargeable to Lessee (collectively, "Rent") under this Master Lease and such first monthly installment Schedule shall have been paid in full. Additional Rent shall include, without limitation, all costs and expenses incurred by Lessor in performance by it (in its sole discretion and without implying any obligation to do so) of any duty of Lessee hereunder relating to the Equipment, the Master lease and each Schedule hereto, together with all items of Additional Rent and Advance Rent specified herein and in the Schedule. Advance Rent in the amount set forth in each Schedule shall be due and payable upon Xxxxxx's acceptance of such Sehedule and shall be applied first toward a pro rata portion of as set forth in the monthly installment of rent Schedule. Advance Rent shall not be returned to the Lessee under any circumstances but may be credited to the Termination Value in Xxxxxx's sole discretion. Additional Rent shall be payable hereunder in respect of the unexpired portion of such month (computed on the basis earlier of the actual number of days remaining in such month) and the balance towards demand or with the next monthly installment due hereunder and the Lease regularly scheduled Rent Payment. All Rent shall be deemed to commence received by Lessor in immediately available funds during regular business hours on or before the first day of the next calendar month. Tenant acknowledges that he has been informed and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments theretodate due.

Appears in 1 contract

Samples: Able Energy Inc

Term and Rent. Landlord hereby leases The lease term shall commence as of the date that any of me Equipment is delivered to Tenant Lessee or Lessee's Agent or consigned to a carrier for shipment to Lessee or Lessee's Agent (Commencement Date). The term shall continue until the apartment known obligations of the Lessee under the lease shall have been truly performed. Advance rentals shall not be refundable if the lease term for any reason does not commence or if this lease is duly, terminated by Lessor. The installments of rent shall be payable periodically in advance as apartment Noindicated above. designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on a month to month basis to commence It* first such payment being due on the Commencement Date, or such later date as Lessor designates in writing, and subsequent payments due on the same day of , 20 , or when Tenant occupies each successive rent Period thereafter until the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided), at a rent balance of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent or expenses chargeable to Lessee under this lease shall have been paid in advance on full. If a security deposit is indicated above. the first day same shall be held by lessor to secure me faithful performance of each month during said term the lease and small be refunded to Lessee at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion satisfactory expiration of the monthly installment lease without interest. SEE REVERSE SIDE FOR ADDITIONAL TERMS AND CONDITIONS WHICH ARE PART OF THIS LEASE. -------------------------------------------------------------------------------- LESSOR : Credential Leasing Corp of rent payable hereunder in respect Florida, Inc CORPORATE RELATIONS GROUP, INC. By:________________________ By:____________________________ Date:______________________ _______________________________ ----------------------------------------------------------------------------- To Induce Lessor to enter into the within Lease the undersigned unconditionally guarantee to Lessor the prompt-payment when due of the unexpired portion all of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and Lessee's obligations to Lessor under the Lease Lessor shall not be deemed required to commence on proceed against Lessee or the first day of Equipment or enforce any other remedy before proceeding against the next calendar monthundersigned. Tenant acknowledges that he has been informed The undersigned agrees to pay all attorneys' fees and is aware that Landlord was sponsored other expenses; Incurred by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that the Tenant is a staff member, employee or student of the above sponsor, or a similar institution or is an aged or handicapped person of low income as defined in the Law. If the rent for the Apartment is increased Lessor by reason of an order default by Lessee or the undersigned. The undersigned waives notice of acceptance hereof and of all other notices or demands of any kind to which the undersigned may be entitled. The undersigned consorts to any extensions or modifications granted to Lessee and the release and/or compromise of any obligations of Lessee or any other obligors and guarantors without In any way releasing the undersigned from his or her obligation naiCroundoc This is a continuing Guaranty and shall not be discharged or affected by death of the Commissioner made pursuant to undersigned. "I bind the Lawheirs. administrators. representatives, thensuccessors and assigns of undersigned. and may be enforced by or for the benefit of any assignee or solicitor of Lessor. The undersigned agrees that in the event of any litigation filing from the subject matter of this liability shall be brought. at Lessor's option, in that eventa court of rorniow tent )udedimion in o4hor Patirn Eissich or Broward County. Florida- The undefsonsid further agree to be bound by all of the terms and conditions of the Lease Agreement as it a Lessee and agree shall be font and several won the Losia". Tt*, personal guaranty small extend to any fund all other Lessee heretofore or hereafter executed between the Lessor and only any Of the hfh. unleas spocilrallili excluded In willing. This personal guaranty small confinuo In onect urail lerfrinated In nfing by the Personal Guarantor: and in that event, Tenant shall have event &hail rot release the option to cancel this lease and vacate the Apartment Personal Guarantor from kabilky to( any Lease Agreement before or within sixty (60) 30 days after notice Leesors receipt of such rent increase has been given to Tenant, provided that Tenant gives at lease thirty (30) days written notice by certified mail to Landlord Notice of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law or any amendments theretoTermination.

Appears in 1 contract

Samples: Lease Agreement (Stratcomm Media LTD)

Term and Rent. Landlord hereby leases to Tenant the apartment known as apartment No. _ designated as rooms in Unit No. , in (hereinafter sometimes called the “Apartment”) at , State of New York, on to be used for a month to month basis term to commence on the day of 20 , and to terminate on the day of , 20 , or when Tenant occupies the Apartment, whichever is sooner, and to terminate on thirty (30) days written notice by Landlord to Tenant (unless such term shall sooner cease and expire or be terminated as hereinafter provided), at a rent of $ each month during the term of the lease, plus any and all surcharges made in accordance with Tenant’s family income, pursuant to the Law and the Rules and Regulations of the Commissioner of Housing and Community Renewal of the State of New York (hereinafter referred to as “Commissioner”), plus any and all rent increases granted by order Order of the Commissioner pursuant to the Law and plus any and all other charges under the terms of this Lease, all of which are deemed to be additional rent hereunder. Tenant agrees to pay the rent and any and all additional rent charges in advance on the first day of each month during said term at the office of Landlord or such on the first day of each month during said term, at the office of Landlord or such other place as Landlord may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof (unless this Lease be a renewal). If occupancy under the term of this Lease shall commence on a day other than the first day of a calendar month, such first monthly installment shall be applied first toward a pro rata portion of the monthly installment of rent payable hereunder in respect of the unexpired portion of such month (computed on the basis of the actual number of days remaining in such month) and the balance towards the next monthly installment due hereunder and the hereunder. This Lease shall be deemed to commence on renewed automatically at the first day end of the next calendar month. Tenant acknowledges that he has been informed term or any renewal thereof for successive terms of year(s) upon the same terms and is aware that Landlord was sponsored by for the purpose of providing housing for its staff members, employees or students and their immediate families and for aged and handicapped persons of low income and that the Apartment leased hereby is leased to Tenant with the understanding that conditions unless the Tenant is a staff membernotifies Landlord, employee or student in writing, by certified mail, at least one calendar month prior to the expiration of the above sponsorterm hereof or any renewal thereof, of Tenant’s intention not to renew. This renewal clause shall not be effective unless Landlord gives Tenant notice at least ninety (90) days prior to the commencement of the last calendar month of any term or a similar institution renewal thereof, personally or is an aged or handicapped person by certified mail, of low income as defined in the LawTenant’s right to elect not to renew this Lease. If the rent for the Apartment is increased by reason of an order of the Commissioner made pursuant to the Law, then, in that event, and only in that event, Tenant shall have the option to cancel this lease Lease and vacate the Apartment within sixty (60) days after notice of such rent increase has been given to Tenant, provided that Tenant gives at lease least thirty (30) days written notice by certified mail to Landlord of Tenant’s intention to exercise the option contained herein. This Lease is subject to the powers, rights and privileges, and the restrictions and limitations thereon, of Landlord, as a Limited-Profit Housing Company under the supervision and control of the Commissioner pursuant to the Law and to the rights and powers of the Commissioner under the Law law or any amendments thereto.

Appears in 1 contract

Samples: Agreement of Lease

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