Monthly Rent and Additional Rent Sample Clauses

Monthly Rent and Additional Rent. Tenant shall pay $ rent per month (“Monthly Rent”), due and payable on or before the 1st day of each calendar month and will be considered delinquent after the 5th calendar day of the month, beginning _. Unless directed to do otherwise by Authority, Tenant may pay rent only by personal check, certified check or money order. In the event that the term of this Lease begins on a day other than the 1st day of the month, the Monthly Rent stated above will be prorated based on a 30-day month and is due and payable at the time Tenant signs this Lease. The Monthly Rent is subject to change pursuant to Section 8 of this Lease. Maintenance and repair fees, utility charges, late charges and returned check charges will be deemed “Additional Rent”. Authority will apply all money received from Tenant to the oldest amount due on Tenant’s account.
Sample 1
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Monthly Rent and Additional Rent. (a) Tenant agrees to pay monthly rent ("Monthly Rent") during the Lease Term in the amounts set forth in the Summary of Terms. Monthly Rent shall be payable without deduction, offset, abatement, prior notice or demand, except as may otherwise be provided herein.
Sample 1
Monthly Rent and Additional Rent 
Sample 1

Related to Monthly Rent and Additional Rent

  • Additional Rent Any monetary obligations of Lessee to Lessor under the terms of this Lease shall be deemed to be rent.

  • Base Rent Purchaser will receive a credit at Closing for the prorated amount of all base or fixed rent payable pursuant to the Leases and all Additional Rents (collectively, “Rent”) previously paid to, or collected by, Seller and attributable to any period following the Closing Date. Rents are “Delinquent” when they were due prior to the Closing Date, and payment thereof has not been made on or before the Closing Date. Delinquent Rent shall not be prorated at Closing. All Rent collected by Purchaser or Seller from each tenant from and after Closing will be applied as follows: (i) first, to Delinquent Rent owed for the month in which the Closing Date occurs (the “Closing Month”), (ii) second, to any accrued Rents owing to Purchaser, and (iii) third, to Delinquent Rents owing to Seller for the period prior to Closing. Any Rent collected by Purchaser and due Seller will be promptly remitted to Seller. Any Rent collected by Seller and due Purchaser shall be promptly remitted to Purchaser. Purchaser shall use reasonable efforts to collect Delinquent Rents owed to Seller in the ordinary course of its business; provided, however, that Seller hereby retains the right to pursue any tenant under the Leases for any Rent and other sums due Seller for period attributable to Seller’s ownership of the Property; and provided further, however, Seller (i) shall be required to notify Purchaser in writing of Seller’s intention to commence or pursue any legal proceedings; and (ii) shall not be permitted to commence or pursue any legal proceedings against any tenant seeking eviction of such tenant or the termination of the underlying Lease. “Additional Rents” shall mean any and all amounts due from tenants for operating expenses, common area maintenance charges, taxes, shared utility charges, management fees, insurance costs, other comparable expenses and pass-through charges and any other tenant charges. The provisions of this Section 14.5 shall survive the Closing and the delivery of any conveyance documentation.

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