Common use of RENT and RENT CREDIT Clause in Contracts

RENT and RENT CREDIT. Tenant/Buyer agrees to pay to the Landlord/Seller, the sum of $ per month, with the first payment beginning as rent for the property, for the term of this Lease/Option, and during any extensions thereof. All rental payments shall be due and payable in advance on the 1st day of each and every month. An amount equal to $ for each month in which rent was paid, shall be credited to the Tenant/Buyer and applied to the purchase price of the property in the event that the Tenant/Buyer exercises its option hereunder; otherwise, this credit shall be non-refundable and considered forfeited if the option is not exercised.

RENT and RENT CREDIT. TenantXxxxxx/Buyer Xxxxx agrees to pay to the Landlord/Seller, the sum of $ per month, with the first payment beginning as rent for the property, for the term of this Lease/Option, and during any extensions thereof. All rental payments shall be due and payable in advance on the 1st day of each and every month. An amount equal to $ for each month in which rent was paid, shall be credited to the Tenant/Buyer and applied to the purchase price of the property in the event that the Tenant/Buyer exercises its option hereunder; otherwise, this credit shall be non-refundable and considered forfeited if the option is not exercised.