Rent Payable Clause Examples for Any Agreement
The 'Rent Payable' clause defines the tenant's obligation to pay rent to the landlord under a lease agreement. It typically specifies the amount of rent, the frequency and method of payment, and any adjustments or additional charges that may apply, such as late fees or service charges. By clearly outlining when and how rent must be paid, this clause ensures both parties understand their financial responsibilities and helps prevent disputes over payment terms.
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Rent Payable. During the term, the Tenant shall pay to the Landlord at its office at the University of Toronto Mississauga Student Housing & Residence Life: Xxxxx Xxxxxxxx Hall, Suite 120, 3359 Mississauga Road, or at such place as the Landlord may designate, the total monthly rent (hereinafter called the "Rent"), in the form of personal cheque, certified cheque, money order, or debit/credit card set out in this paragraph on or before the 1st day of each and every month.
(a) For Tenants with an Accessible Campus Online Resource Network (ACORN) account: All other outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.) will be charged to the Tenant’s ACORN account. The Tenant does not have the authority to dictate in what manner payments are applied. Rent is paid by visiting the Residence Services Desk located in Xxxxx Xxxxxxxx Xxxx, or the Tenant can set up Pre-Authorized payments by filling a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents
(b) For Tenants without an Accessible Campus Online Resource Network (ACORN) account: Rent and all other charges can be paid at the Residence Services Desk located in Xxxxx Xxxxxxxx Hall, or the Tenant can set up Pre-Authorized payments by completing a Pre-Authorized Payment Form found at: xxxx://xxx.xxxxxxxx.xx/housing/applying/forms-documents. If the Tenant is at any point in arrears of Rent and/or any other amount due and owing to the Landlord, the Tenant agrees that subsequent payments made by him/her to reduce the arrears owed shall be applied first to the oldest outstanding Rent and second to outstanding administrative charges (e.g. damages, cleaning, lockouts, etc.). The Tenant may not dictate the manner in which payments are applied. A payment plan request form is available, should the Tenant be unable to pay rent by the set deadline. Payment plan requests are reviewed on a case-by-case basis. Approval or denial of a payment plan request is at the sole and absolute discretion of Student Housing & Residence Life. A maximum of one payment plan per household is permitted in the duration of their continued occupancy. The Tenant shall pay at the time that this Lease is signed, in the form of certified cheque, money order, or debit/credit card, a deposit equal to a full month's Rent. Such deposit will be applied as prepaid Rent towards the Rent for the last month of the tenancy. Upon receipt of a Non-Sufficient Funds (NSF) personal cheque, the Landlord will not therea...
Rent Payable. The rent (*which includes a charge for services) is payable by the Tenant monthly in advance on or before the 1st day of each month. *Delete as necessary. The total monthly sum payable by the tenant at this time is: RENT £ SERVICE CHARGES £ TOTAL £ The Association will provide the following services in connection with the house: It is a condition of this agreement that you pay for these compulsory services.
Rent Payable. The BOE shall pay Rent in the amount of ten dollars ($10) to the City on each Sublease Payment Date.
Rent Payable. A. Commencing on the Rent Commencement Date, Tenant shall pay all Rent owing from time to time to Landlord, without prior Notice or demand and without offset, deduction or counterclaim whatsoever, in the amounts, at the rates and times set forth herein, in the manner set forth in this Section 5.01.
Rent Payable. Tenant shall pay the Rent and any other charges payable under this Lease to Landlord, without prior demand therefor and without any setoff or deduction whatsoever, at the rates and times set forth in this Lease in lawful money of the United States, at such place as Landlord shall designate by notice given to Tenant from time to time. Unless another time shall be expressly provided for payment, Rent shall be due and payable on demand or on the first day of the month in accordance with the rent schedule set forth in Section 1.1.6, whichever shall first occur. Any payment by Tenant or acceptance by Landlord of a lesser amount than shall be due from Tenant to Landlord shall be treated as a payment on account. The acceptance by Landlord of a check for a lesser amount with an endorsement or statement thereon or in any letter or other writing accompanying such check that such lesser amount is payment in full shall be given no effect, and Landlord may accept such check without prejudice to any other rights or remedies which Landlord may have against Tenant.
Rent Payable. A. In consideration of Tenant’s Lease of the Leased Space and the License to operate its Concession in the Leased Space and the associated rights and privileges granted in this Agreement, Tenant must pay the following, without notice or demand, as rent and fees (collectively, “Rent”) as follows:
Rent Payable. A. Tenant shall pay all Rent to Landlord, without prior notice or demand therefor and without any offset, deduction or counterclaim whatsoever, in the amounts, at the rates and at the times set forth herein, and at such place as is provided in Section 1.1., or at such other place as Landlord may from time to time designate by written notice to Tenant.
B. In addition to constituting a breach under the Lease, and in addition to Landlord's other rights and remedies for such breach, if Tenant shall fail to make any payment of Rent after the due date, Tenant shall pay to Landlord a late charge (the same being Additional Rent) in an amount equal to Twenty Dollars ($20.00) per day from the date such Rent is due until the date such Rent is received. The payment of such Additional Rent shall not excuse or waive the late payment of Rent.
C. If during the term Landlord receives two (2) or more checks from Tenant which are returned by Tenant's bank without honoring, Tenant agrees that all checks for Rent thereafter shall be bank certified and that Landlord shall not be required to accept checks except in such form. In addition to any bank service charges resulting from dishonored checks, which shall be borne by Tenant, Tenant shall pay to Landlord Fifty Dollars ($50.00) on the occasion of each dishonored check as an administrative fee (the same being Additional Rent) compensating Landlord for the additional expense involved in processing such check.
D. Any payment by Tenant of a lesser amount than the total Rent due under the Lease shall be treated as a payment on account. In the event that any check bears an endorsement or statement, or is accompanied by a letter stating, that such lesser amount constitutes "payment in full" (or terms of similar import), Landlord's acceptance thereof shall not be an accord and satisfaction or a novation, and such statement shall be given no effect. Landlord may accept any check without prejudice to any rights or remedies which Landlord may have against Tenant.
E. For any portion of a calendar month included at the beginning of the Term, Tenant shall pay in advance, at the beginning of such portion, the pro- rated amount of the Rent (including, without limitation, Minimum Rent, Tax Estimates, Operating Costs Estimates, and Merchant's Association or Marketing Fund Dues) for each day included in such portion of the month.
Rent Payable. Amounts payable by Tenant as provided herein, will be payable as Rent without deduction or offset. If Tenant fails to pay any amounts due, Landlord will have all the rights and remedies available to it on account of Tenant’s failure to pay Rent.
Rent Payable. During the Term, the Lessor shall be entitled to receive rent for the Premises in the amount of Five Hundred Dollars ($500.00) per month, payable in advance, with the first payment being due upon execution of this Lease, and with each subsequent payment being due and payable on or before the 15th day of each subsequent month through the Term. Rent payments shall be delivered to Lessor at the Charlotte Town Office, 000 Xxxxx Xxxx, X.X. Xxx 000, Xxxxxxxxx, XX 00000, c/o Town Treasurer.
Rent Payable. SECTION 5.2. PAYMENT OF MINIMUM RENT. SECTION 5.3. PAYMENT OF PERCENTAGE RENT. SECTION 5.4. "GROSS SALES" DEFINED. SECTION 5.5.