Rental Amount definition
Examples of Rental Amount in a sentence
Tenant shall pay the Monthly Rental Amount to Landlord in advance on the day of each calendar month of the Term without prior demand, deduction or setoff.
If Landlord does not receive the Monthly Rental Amount and all sums due pursuant to this Section 2.2 by the 15th of the month, the entire unpaid balance of the Rent for the remaining Lease Term shall become immediately due and payable, the daily administrative charge of Ten Dollars ($10.00) will continue to accrue until all sums due under this Lease are paid, and Landlord may enforce its rights as provided in this Lease and Indiana law.
Tenant shall pay the Monthly Rental Amount by mailing or personally delivering the Monthly Rental Amount in a single envelope to Landlord’s office at Omega Properties, ▇▇▇ ▇.
This Section 2.2 may not be construed to authorize the payment of the Monthly Rental Amount after the due date, and Landlord retains the right to terminate this Lease if any Monthly Rental Amount is paid after the due date thereof, regardless of whether the fees described in this Section 2.2 have been assessed, and Landlord retains any other option available to Landlord under the law.
Failure to pay the Monthly Rental Amount on or before its due date shall constitute a breach of this Lease.