Receive Rent Clause Samples
The 'Receive Rent' clause establishes the landlord's right to collect rental payments from the tenant as specified in the lease agreement. It typically outlines the acceptable methods of payment, the timing and frequency of rent due dates, and may address procedures for handling late or partial payments. By clearly defining how and when rent is to be received, this clause ensures both parties understand their financial obligations and helps prevent disputes over payment.
Receive Rent. We will receive Rent from the Tenant. Following receipt of Rent by us in cleared funds, we will pay it directly into your bank account on or before 2 working days of receipt.
Receive Rent. We will receive Rent from the Tenant. Following receipt of Rent by us in cleared funds, we will pay it directly into your bank account on or before the 8th day of the month. We will send to you regular Rental statements.