Advance Rent definition
Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.
Advance Rent means, for any given month, any Rent that has been prepaid more than thirty (30) days in advance, as measured from the date of determination.
Advance Rent means the rent paid in advance of the due date, being the amount specified in the Application Form, the Specific Terms or otherwise the lesser of the value of two times the Rental Payment;
Examples of Advance Rent in a sentence
In no event shall any Advance Rent or any other rent payments be refunded to Lessee.
Amounts deposited from time to time in the Advance Rent Subaccount pursuant to this Section 6.7.1 are referred to herein as the “Advance Rent Funds”.
Provided no Event of Default has occurred and is continuing, on each Payment Date, Lender shall disburse the applicable Advance Rent Funds to the Cash Management Account in accordance with the Advance Rent Disbursement Schedule.
In the event Borrower receives any Advance Rent, Borrower shall deposit (or cause to be deposited) any such Advance Rent into a Subaccount established at the Cash Management Account Bank to hold such funds (the “Advance Rent Subaccount”).
If any Advance Rent (as stated in the Schedule) is payable, it shall be due when the Lessee signs the Schedule.
More Definitions of Advance Rent
Advance Rent. TENANT agrees to pay the sum of $2,000.00 as advance rent representing payment for the last month of lease term or any renewal. RENT: TENANT agrees to pay the monthly rent amount of $2,000.00 plus any applicable sales tax as rent on the 1st day of each month in advance without demand at SAMPLE OWNER, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Phone number (▇▇▇) ▇▇▇-▇▇▇▇. Emergency phone number (▇▇▇) ▇▇▇-▇▇▇▇. Rent must be received by LANDLORD or its designated agent on or before the due date. A late fee of 10% plus $5.00 per day thereafter shall be due as additional rent if TENANT fails to make rent payments on or before the 5th day of each month. Cash payments are not accepted. If TENANT'S check is dishonored, all future payments must be made by money order or cashier's check dishonored checks will be subject to the greater of 5% of the check amount or a $40.00 charge as additional rent. If LANDLORD has actual knowledge that there are insufficient funds to cover a check, rent will be considered unpaid, LANDLORD may serve TENANT with a Three Day Notice and will not be required to deposit the check. Third party checks are not permitted. Time is of the essence. The imposition of late fees and/or dishonored check charges is not a substitution or waiver of available Florida law remedies. If rent is not received by the 1st day of each month, LANDLORD may serve a Three Day Notice on the next day or any day thereafter as allowed by law, and LANDLORD has the right to demand that late payments shall only be in the form of a money order or a certified check. All signatories to this lease are jointly and severally responsible for the faithful performance of this lease. All payments made shall first be applied to any outstanding balances of any kind including late charges and/or any other charges due under this lease. All notices by TENANT to LANDLORD shall be sent to LANDLORD'S address above by certified mail.
Advance Rent. The amount specified in Section 1.8 (B) is paid to Landlord upon execution of this Lease as advance Rent; provided, however, that such amount shall be held by Landlord as a Security Deposit pursuant to the Lease until it is applied by Landlord to the Minimum Monthly Rent.
Advance Rent as defined in Section 2.08, means the sum of $11,250.00;
Advance Rent will accrue on each Advance and be payable as set forth below. If Lessee fails to accept, pursuant to Section 1.3 of the Lease Agreement, any Unit for which Lessor advances funds as set forth above, Lessee shall on demand of Lessor purchase the Unit from Lessor for the amount of the funds advanced by Lessor or which Lessor may be obligated to advance and any other costs or obligations incurred by Lessor in connection therewith, plus all accrued and unpaid Advance Rent with respect to the Unit to the date of purchase of the Unit by Lessee from Lessor.
Advance Rent shall have the meaning ascribed to it in Clause 2.1.3(ii).
Advance Rent shall have the meaning assigned to that term in Section 5(g) of this Lease.
Advance Rent means the sum stated in the booking details which will be a true advance payment of rent to cover your Rent payment obligations under this contract.