Common use of Components of Rent Clause in Contracts

Components of Rent. Tenant hereby agrees to pay to Landlord as rent for the Leased Premises an amount hereinafter identified and defined as “Basic Annual Rent”. The aggregate of such rentals may be referred to hereinafter as “Rental”. The annual Rental shall be due and payable in 12 (Twelve) equal monthly installments on the first day of each calendar month during the Lease Term. Tenant hereby agrees to pay the monthly Rental installments to Landlord as provided in the Basic Lease Provisions or at such other location as Landlord may designate from time to time, in advance without demand and without any deduction, abatement, counterclaim or set off. In the event of a partial month at the beginning or end of the Lease Term, the Rental and any other charges or costs, payable by Tenant shall be prorated on the basis of a thirty (30) day month. The partial month rent payment due at Lease signing is $252.00. Any portion of the monthly Rental installments not paid on, or before, the 10th day of each calendar month shall bear a delinquency charge equal to ten percent (10%) of the amount of the rental due and unpaid multiplied by the number of months or fraction thereof, during which time such rental amounts remain overdue. All Rental and other charges payable by Tenant pursuant to the terms of this Lease shall be payable without relief from valuation and appraisement laws, and with reasonable attorney’s fees and costs of collection.

Appears in 1 contract

Samples: Office Lease

AutoNDA by SimpleDocs

Components of Rent. Tenant hereby agrees to pay to Landlord as rent for the Leased Premises an amount composed of the aggregate of the components of rent hereinafter identified and defined as “Basic Annual Rent” and Tenant’s share of “Excess Operating Costs”. The aggregate of all such rentals may be referred to hereinafter as “Rental”. The annual Rental shall be due and payable in 12 twelve (Twelve12) equal monthly installments on the first day of each calendar month during the Lease Termterm of this Lease. Tenant hereby agrees to pay the monthly Rental installments to Landlord as provided in the Basic Item M Section 1.02 of this Lease Provisions or at such other location as Landlord may designate in writing from time to time, in advance without demand and without any deduction, abatement, counterclaim or set offoff except as expressly provided in this Lease. In the event of a partial month at the beginning or end of the Lease Termterm of this Lease, the Rental and any other charges or costs, payable by Tenant shall be prorated on the basis of a thirty (30) day month. The partial month rent payment due at Lease signing is $252.00. Any portion of the monthly Rental installments not paid on, or before, the 10th day within ten (10) days of each calendar month when due shall bear a delinquency charge equal to ten five percent (105%) of the amount of the rental Rental due and unpaid multiplied by the number of months or fraction thereof, during which time such rental amounts remain Rental remains overdue. All Rental and other charges payable by Tenant pursuant to the terms of this Lease shall be payable without relief from valuation and appraisement laws, and with reasonable attorney’s attorneys’ fees and costs of collection.

Appears in 1 contract

Samples: Office Lease (Wells Real Estate Fund Xiii L P)

Components of Rent. Tenant hereby agrees to pay to Landlord as rent for the Leased Premises an amount composed of the aggregate of the components of rent hereinafter identified and defined as "Basic Annual Rent" and Tenant's share of "Excess Operating Costs". The aggregate of all such rentals may be referred to hereinafter as "Rental". The annual Rental shall be due and payable in 12 twelve (Twelve12) equal monthly installments on the first day of each calendar month during the Lease Termterm of this Lease. Tenant hereby agrees to pay the monthly Rental installments to Landlord as provided in the Basic Item M Section 1.02 of this Lease Provisions or at such other location as Landlord may designate in writing from time to time, in advance without demand and without any deduction, abatement, counterclaim or set offoff except as expressly provided in this Lease. In the event of a partial month at the beginning or end of the Lease Termterm of this Lease, the Rental and any other charges or costs, payable by Tenant shall be prorated on the basis of a thirty (30) day month. The partial month rent payment due at Lease signing is $252.00. Any portion of the monthly Rental installments not paid on, or before, the 10th day within ten (10) days of each calendar month when due shall bear a delinquency charge equal to ten five percent (105%) of the amount of the rental Rental due and unpaid multiplied by the number of months or fraction thereof, during which time such rental amounts remain Rental remains overdue. All Rental and other charges payable by Tenant pursuant to the terms of this Lease shall be payable without relief from valuation and appraisement laws, and with reasonable attorney’s attorneys' fees and costs of collection.

Appears in 1 contract

Samples: Office Lease (Idg Books Worldwide Inc)

AutoNDA by SimpleDocs

Components of Rent. Tenant hereby agrees to pay to Landlord ------------------- as rent for the Leased Premises an amount composed of the aggregate of the components of rent hereinafter identified and defined as "Basic Annual Rent" and Tenant's share of "Excess Operating Costs". The aggregate of all such rentals may be referred to hereinafter as "Rental". The annual Rental shall be due and payable in 12 twelve (Twelve12) equal monthly installments on the first day of each calendar month during the Lease Termterm of this Lease. Tenant hereby agrees to pay the monthly Rental installments to Landlord as at the address provided in the Basic Item M Section 1.02 of this Lease Provisions or at such other location as Landlord may designate from time to time, in advance without demand and without any deduction, abatement, counterclaim or set off. In the event of a partial month at the beginning or end of the Lease Term, the Rental and any other charges or costs, payable by Tenant shall be prorated on the basis of a thirty (30) day month. The partial month rent payment due at Lease signing is $252.00. Any portion of the monthly Rental installments not paid on, or before, within five days of the 10th day of each calendar month shall bear date due bears a delinquency charge equal to ten five percent (105%) of the amount of the rental Rental due and unpaid multiplied by the number of months or fraction thereof, during which time such rental amounts remain Rental remains overdue. All Rental and other charges payable by Tenant pursuant to the terms of this Lease shall be payable without relief from valuation and appraisement laws, and with reasonable attorney’s attorneys' fees and costs of collection.

Appears in 1 contract

Samples: Lease Agreement (Bindley Western Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.