GROSS MONTHLY RENTAL AND PAYMENTS. The Tenant shall pay to the Landlord a Gross Monthly Rental (per the Offer Schedule) plus VAT (Value Added Tax) thereon. All amounts payable to the Landlord shall be paid into such account, or to such other person and/or place as the Landlord may from time to time nominate in writing. Payment of all amounts shall be payable in advance, without demand, set-off or deduction, on a monthly basis on or before the first day of each calendar month of the Lease Period by means of a debit order authorisation or electronic fund transfer. Interest on any amounts unpaid by the date they fall due shall attract interest at Standard Bank’s prime rate of interest plus 2% from due date until date of payment, both dates inclusive.
Appears in 7 contracts
Samples: Offer to Lease, Offer to Lease, Offer to Lease
