REDDENDUM Clause Samples
A reddendum clause is a provision in a lease or deed that specifies the rent or other payments the tenant or grantee must make to the landlord or grantor. Typically, it details the amount, frequency, and method of payment, and may also outline any conditions or adjustments to the rent over time, such as increases linked to inflation or market rates. The core practical function of a reddendum clause is to clearly establish the financial obligations of the tenant, ensuring both parties understand the terms of payment and reducing the risk of disputes over rent.
POPULAR SAMPLE Copied 4 times
REDDENDUM. YIELDING AND PAYING therefor and thereout during each of the first five years of the said term the yearly rent of (euro)380,871 and thereafter during each of the successive periods of five years of which the first shall begin on the 1st day of December 2008 a rent equal to (a) the rent payable hereunder during the preceding period or (b) such revised rent as may from time to time be ascertained in accordance with the provisions in that behalf contained in the First Part of the Fourth Schedule hereto (whichever shall be the greater) AND the rent in respect of each year of the said term is to be paid by direct debit by equal quarterly payments in advance on the 1ST DAY OF JANUARY, 1ST DAY OF APRIL, 1ST DAY OF JULY AND 1ST DAY OF OCTOBER in every year without any deduction set off or counterclaim whatsoever. AND ALSO PAYING BY WAY OF ADDITIONAL RENT the amount or amounts payable by the Tenant pursuant to the Tenant's covenant hereinafter contained in Clause 5.2 in respect of insurances effected form time to time by the Landlord such additional payments to be payable at the times and in the manner specified at the said Clause 5.2 AND ALSO PAYING BY WAY OF ADDITIONAL RENT the amount or amounts payable by the Tenant pursuant to the Tenant's covenant hereinafter contained in Clause 5.5.1 in respect of the provision or the procuring by the Landlord of the services hereinafter contained such additional payments to be payable at the times and in the manner hereinafter specified. AND ALSO PAYING BY WAY OF ADDITIONAL RENT on demand all costs damages expenses losses costs and demands which the Landlord may from time to time incur in connection with or procuring the remedying of any breach by the Tenant of any of the covenants on the part of the Tenant herein contained.
REDDENDUM. YIELDING AND PAYING therefor until the day before the Rent Review Date the Initial Rent and, from and including the Review Date, such increased rent as may be payable in accordance with the provisions hereof, all such rent to be paid throughout the Term by bankers order (if required by the Landlord) without any deduction (save as required by law) in equal quarterly payments in advance on the first day of January, first day of April, first day of July and first day of October in every year of the Term. AND ALSO PAYING the amount or amounts payable by the Tenant pursuant to the Tenant’s covenant hereinafter contained in Clause 3.2 in respect of insurances effected from time to time by the Landlord such additional payment to be payable at the times and in the manner specified at the said Clause 3.2. AND ALSO PAYING the amount or amounts payable by the Tenant pursuant to the Tenant’s covenant hereinafter contained in Clause 3.3 in respect of the provision by the Landlord of services hereinafter contained such additional payments to be payable at the times and in the manner hereinafter specified.
REDDENDUM. YIELDING AND PAYING therefore during each of the first five years of the said term the yearly rent of IR(pound)674,100.00 (E 855,930.45)(being the sum of IR(pound)617,400 (E 783,936.28) in respect of the demised premises and the sum of IR(pound)56,700.00 (E 71,994.15) in respect of 81 car parking spaces) without any deduction and thereafter during each of the successive periods of five years of which the first shall begin on the 1st day of February 2006, a rent equal to (a) the rent payable hereunder during the preceding period or (b) such revised rent as may from time to time be ascertained in accordance with the provisions of clause 2 hereunder (whichever shall be the greater) without any deduction all rent throughout the entire of the term hereby granted to be paid in equal quarterly payments in advance of the first day of February, first day of May, first day of August and the first day of October in each year the first payment to be made on the execution hereof.
REDDENDUM. YIELDING AND PAYING therefor during each and every year of the said ------------------- term the yearly rent of IR(L)147,000.00 without any deduction or such increased rent as may from time to time be payable hereunder as hereinafter provided without any deduction all rent