Holdover Fee definition
Examples of Holdover Fee in a sentence
Due to insurance and liability reasons Everbridge can only provide one Grace Period and will charge the Monthly Holdover Fee.
If Resident fails to surrender the Unit by the end of the Term the Landlord may recover possession of the dwelling unit as provided by law and the Landlord may recover and bill costs to holdover Resident, including a daily Holdover Fee equal to two (2) times the monthly rent for the period during which the Resident refuses to surrender possession.
If the Licensee fails to vacate the Housing Space upon the scheduled date of departure, the Licensee will be deemed a trespasser and an additional Holdover Fee of $150.00 per day will be levied until the Licensee leaves or is administratively removed by the University.
The Monthly Holdover Fee is instituted in order to protect Client from termination or suspension of the Services, and to insure that timely renewals are entered into.
The daily payment obligation of the Holdover Fee is in addition to, and is not a substitute for, all other remedies available to Licensor under applicable law or in equity.
For example, if Buyer is not able to occupy one or more sites until October 1, 2024, then the Holdover Fee shall be $600,000.
Failure to check-out properly could result in a $100 Lease Holdover Fee per day and/or a $100 Improper Check-Out Fee.
A Holdover Fee equal to one times (1x) an installment on the Contract Amount for the extra time occupied, plus all the Landlord's damages, the cost of any contractor scheduled to perform work in the Leased Property, and the damages of the person who could not move in because of the Holdover will be charged to the Tenant for moving out late.
A Holdover Fee equal to one times (1x) an installment on the Contract Amount for the extra time occupied, plus all the Landlord's damages, the cost of any contractor scheduled to perform work in the Leased Property, and the damages of the person who could not move in because of the Holdover will be charged to the tenant for moving out late.
If you still occupy the Premises past the End Date, you will be in violation of this Lease and will owe us a $500 Holdover Fee in addition to three (3) times the total Monthly Installment of Rent, prorated for each day, for the extra time that you stay in the Premises (payable daily in advance) plus, all of our damages, the damages of any contractor scheduled to perform work in the Premises and the damages of the person who could not move in because of your holdover.