Common use of Annual Rent Clause in Contracts

Annual Rent. Lessee shall pay as rental for the land $ , for each year of the five-year term. This represents a rental fee of $ per acre on 396 tillable acres. Payments shall be paid on a semi-annual basis: twenty-five percent (25%) of the rent (which equals $ ) is due on or before March 15th, the remaining seventy-five percent (75%) balance is due on or before October 31st. Five percent (5%) interest, compounded monthly, shall be charged on the last day of every month that the rent payment is late, and the County reserves the right to terminate the Lease for any late payments that are not cured within the timeframe noted in Section 4 below.

Annual Rent. Lessee shall pay as rental for the land $ , for each year of the five-year term. This represents a rental fee of $ per acre on 396 188 tillable acres. Payments shall be paid on a semi-annual basis: twenty-five percent (25%) of the rent (which equals $ ) is due on or before March 15th, the remaining seventy-five percent (75%) balance is due on or before October 31st. Five percent (5%) interest, compounded monthly, shall be charged on the last day of every month that the rent payment is late, and the County reserves the right to terminate the Lease for any late payments that are not cured within the timeframe noted in Section 4 below.

Annual Rent. Lessee shall pay as rental for the land $ , for each year of the five-year term. This represents a rental fee of $ per acre on 396 120 tillable acres. Payments shall be paid on a semi-annual basis: twenty-five percent (25%) of the rent (which equals $ ) is due on or before March 15th, the remaining seventy-five percent (75%) balance is due on or before October 31st. Five percent (5%) interest, compounded monthly, shall be charged on the last day of every month that the rent payment is late, and the County reserves the right to terminate the Lease for any late payments that are not cured within the timeframe noted in Section 4 below.