Examples of Prepaid Rental in a sentence
The Base Rental for the first partial month, if any, shall be payable at the beginning of said period or as Prepaid Rental.
In such event, this Lease shall be deemed null and void and of no further force and effect and Landlord shall promptly refund any Prepaid Rental and Security Deposit previously advanced by Tenant under this Lease and, so long as Tenant has not previously defaulted under any of its obligations under the Work Letter, the parties hereto shall have no further responsibilities or obligations to each other with respect to this Lease.
Subject to the payment by the Lessee of the Prepaid Rental, the Prepayment Cash Flow produced in accordance with paragraph 8.3 above shall be substituted for the last preceding Applicable Cash Flow to the exclusion of any previous Cash Flow.
Description of BusinessA Prepaid Rental Listing Service (PRLS) license is required for the business of supplying prospective tenants with listings of residential real property for tenancy while collecting a fee at the same time or in advance of when the listings are supplied.
Landlord also acknowledges that the Prepaid Rental fully satisfies all amounts owing or becoming payable under this Lease.