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.
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.
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 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.
Failure to check-out properly could result in a $100 Lease Holdover Fee per day and/or a $100 Improper Check-Out 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 Resident(s) retain possession of any part of the Leased Unit after the Initial Term or future Renewal Terms, Resident(s) shall become a month-to-month resident for the entire Lease Unit upon all of the terms of this Lease as might be applicable to such month-to-month tenancy, except that Resident(s) shall pay Monthly Rent at 150% of the rate in effect immediately prior to such holdover plus pay a Holdover Fee of $50.00 per day.
If Lessee remains in possession of the Premises after the termination of this Lease, Lessee agrees to pay Lessor a two hundred dollar ($200) per day Holdover Fee in addition to the normal rent.
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During any period of holding over, Licensee shall be obligated to pay the Holdover Fee for a minimum of five (5) hours if less than one (1) day of holding over resulted.