Common use of Payment of the Clause in Contracts

Payment of the. Advance Rent is a pre-condition for the completion of this Tenancy Agreement. Any failure to pay the Advance Rent will entitle us to terminate this Tenancy Agreement without any penalty on our part and with immediate effect. We shall inform you should we exercise our right to terminate the Tenancy Agreement under this clause The Advance Rent constitutes a prepayment of your first rental instalment. Accordingly your first installment will constitute the sum detailed in your Booking Details, less the Advanced Rent paid.