Overpayment by Tenant Sample Clauses
The "Overpayment by Tenant" clause defines how situations are handled when a tenant pays more than the amount due under the lease. Typically, this clause outlines whether the landlord will refund the excess payment to the tenant or apply it as a credit toward future rent or other obligations. For example, if a tenant accidentally pays double rent for a month, the clause specifies the process for correcting the overpayment. Its core function is to ensure transparency and fairness in financial transactions between landlord and tenant, preventing disputes over excess funds.
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Overpayment by Tenant. If the Expense Allocation for the Cost Year as shown on the Annual Operating Statement is less than the total monthly payments made by Tenant with respect to estimates of same for the Cost Year, Landlord shall give Tenant a credit (in the amount of such excess) against Rent, Tax Reimbursement payments, or other payments next coming due, unless the Lease has expired, in which case Landlord shall pay to Tenant, within thirty (30) days of the date of delivery to Tenant of such Annual Operating Statement, such excess after first deducting for any unpaid Rent or other claims that Landlord may have against Tenant. If an Event of Default existed under this Lease when this Lease terminates or expires, then any adjustment payments to be made by Landlord to Tenant may be reduced by (and Landlord may retain) any amounts owed by Tenant to Landlord, whether under this Lease or otherwise.
Overpayment by Tenant. Landlord reserves the right, throughout the term of this lease, to require that the Tenant pay each month in advance, for Common Area Maintenance and Real Estate Taxes. Such payments shall in no way limit Tenant's total obligation, Tenant shall promptly pay the difference upon receipt of Landlord's statement. Any overpayment shall be credited to Tenant's obligation for the next succeeding period.
Overpayment by Tenant. If the Cost Reimbursement for the Fiscal --------------------- Year as shown on the Annual Cost Statement is less than the total monthly payments made by Tenant with respect to estimates of same for the Fiscal Year, Landlord shall give Tenant a credit (in the amount of such excess) against Rent, or other payments next coming due, unless the Lease Term has terminated or expired, in which case Landlord shall pay to Tenant such excess. If an Event of Default exists under this Lease when this Lease terminates or expires, then any adjustment payments to be made by Landlord to Tenant may be reduced by (and Landlord may retain) any amounts owed by Tenant to Landlord, whether under this Lease or otherwise.