Common use of TERM/RENT Clause in Contracts

TERM/RENT. This is a month-to-month agreement, commencing on the date the Renter places items in the Rented Space or the date of this Rental Agreement, whichever is earlier and shall continue month to month thereafter. Rent for the first month shall be prorated for the calendar month and shall be due upon execution. Rent for all other months is due on the first day of each month, unless other arrangements have been made with the Owner. Owner reserves the right to require that Rent and other charges be paid by credit card, debit card or prepaid card. No cash, checks or money orders will be accepted. Owner may change Rent, any Additional Rent, or other charges by giving Renter 30 day’s written notice, in advance, at the last known good mailing or email address. Change of address: Renter must provide mailing and email address changes to Owner in writing. The new rent shall become effective on the next date Rent is due. If Renter has made advanced Rent payments, new Rent will be charged upon the exhaustion of the prepaid Rent.