Rental Clause Samples
The RENTAL clause defines the terms and conditions under which a tenant pays rent to a landlord for the use of a property. It typically specifies the amount of rent due, the payment schedule (such as monthly or quarterly), acceptable payment methods, and any provisions for late fees or rent increases. By clearly outlining these details, the clause ensures both parties understand their financial obligations and helps prevent disputes over payment, thereby providing predictability and stability in the landlord-tenant relationship.
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Rental. You may not rent, lease, or lend the SOFTWARE PRODUCT.
Rental. If this lease is extended for an additional term as provided for in the EXTENSION paragraph hereof, Lessee shall pay to Lessor the sum of Two and 50/100 Dollars ($2.50) per acre for the land covered hereby as delayed rental for the term of the extension. Rentals set at the time of established production shall be paid during the remaining life of this lease, annually, in advance, on or before each anniversary date hereof. There shall be no refund of unused rental.
Rental. 4.1 The rental payable by the Lessee to the Lessor for the property is the sum of R ( ) per month, and the Lessee hereby acknowledges that such rental is reasonable. The rental shall be paid monthly in advance, on the first day of each and every month, free of bank charges and without deduction or set-off for any reason whatsoever. The rental shall be paid into the bank account nominated by the Lessor, the details whereof are: Name of account holder: Name of bank: Branch name: _ Branch Code. Reference: The Lessor shall be entitled to change the above bank account details by notifying the Lessee thereof in writing and on one month’s written notice.
4.2 In the event that the rental is paid in cash, the Lessee shall be liable for any additional cash deposit fees incurred by the Lessor. The Lessor shall provide the Lessee with written receipts of all rental payments made in terms of Section 5(3)(a) and (b) of the Rental Housing Act, Act No. 50 of 1999 (the “RHA”). In the event that rental payments are effected by the Lessee by cheque, payment thereof must be made no less than 10 (ten) days prior to the first of each month so as to ensure that payment reflects in the Lessor’s account on or before due date, failing which, the payment will be deemed to be late and penalties as provided for herein will apply.
4.3 The first months’ rental shall become due and payable on and the Lessee shall not be entitled to take occupation of the property, notwithstanding the date of commencement of the lease agreement, unless the deposit has been received by the Lessor.
4.4 The Lessee shall not, for any reason whatsoever, be entitled to withhold payment of the final months’ rental or any portion thereof and to set such rental off against the deposit that is payable in terms hereof.
4.5 In the event that the Lessee attempts to apply a set-off of the final months’ rental against the deposit, such act shall be deemed to be confirmation that the Lessee intends vacating the property and removing his goods therefrom without paying the final months’ rental, in which case the Lessor shall be entitled to take immediate steps, without notice to the Lessee, to have his goods attached and removed from the property, to be held as security for payment of the final month’s rental and/or any arrear rentals then owing by the Lessee.
4.6 Should the term of the lease agreement exceed the initial ( ) month period, as agreed to in paragraph 3 above, then the rental shall automatically escalate by % ...
Rental. In the event that the CONTRACTOR needs to rent a piece of equipment to complete the work being assigned, prior approval from the Project Manger shall be required. The cost of the rental shall be indicated on the estimate and the invoice. A copy of the invoice for the rental equipment shall be included with the invoice. CONTRACTOR shall be allowed to assess a percentage of up to fifteen percent (15%) over the cost of the rental. A copy of the rental invoice to CONTRACTOR shall accompany the invoice being submitted to the COUNTY. There will be no allowance for rental if it is reasonably ascertained that the equipment is needed to complete the work as outlined in the scope of work.
Rental. Beginning on (“Rent Commencement Date”), Tenant agrees to pay Landlord (or its Agent as directed by Landlord), without notice, demand, deduction or set off, an annual rental of $ , payable in equal monthly installments of $ , in advance on the first day of each calendar month during the term hereof. Upon execution of this Lease, Tenant shall pay to Landlord the first monthly installment of rent due hereunder. Rental for any period during the term hereof which is less than one month shall be the pro-rated portion of the monthly installment of rental due, based upon a 30 day month. If this box is checked, the annual rental payable hereunder (and accordingly the monthly installments) shall be adjusted every Lease Year Anniversary by % over the amount then payable hereunder. In the event renewal of this Lease is provided for in paragraph 2 hereof and effectively exercised by Tenant, the rental adjustments provided herein shall apply to the term of the Lease so renewed, or If this box is checked, the annual rental payable hereunder (and accordingly the monthly installments) shall be adjusted every Lease Year Anniversary by the greater of: (i) percent ( %) over the amount then payable hereunder, or, (ii) the percentage increase (but not any decrease) in the numerical index of the “Consumer Price Index for All Urban Consumers” (1982-84 = 100) published by the Bureau of Labor Statistics of the United States Department of Labor (“CPI”) for the immediately preceding twelve (12) month period over the amount then payable hereunder. If this box is checked, the annual rental payable hereunder (and accordingly the monthly installments) shall be adjusted every If this box is checked, Tenant shall pay all rental to Landlord’s Agent at the following address:
Rental. HK$205,000 per month (exclusive of management fee, air-conditioning charges, Government rent and rates), payable in advance on the first day of each calendar month
Rental. The Lessee agrees to pay to the Lessor as rental for said demised premises the sum of Fourteen Thousand Four Hundred Sixteen Dollars ($14,416.00) per month on the first of each month for the duration of said lease.
Rental. Lessee agrees to pay to Lessor rent (“Ground Lease Rent”) in the initial amount of $5.00 per month, subject to adjustment from time to time as provided below, payable in advance on the first day of each and every month during the term of this Lease commencing with the first day of the first month following the commencement of the term hereof; PROVIDED, HOWEVER, Lessee's payment to the Association of a monthly ground rent assessment pursuant to the provisions of Article VII and Article XXI of the CC&Rs, in an amount equal to Lessee's monthly rent hereunder, shall, as between Lessee and Lessor, constitute payment of said monthly rent for the applicable period. The monthly rent payable hereunder shall be subject to adjustment by the Lessor, at Lessor's discretion, based on and in direct proportion to the change in the Consumer Price Index of Urban Wage Earners and Clerical Workers (Revised Series), Los Angeles-Long Beach-Anaheim Average (1982=100) that has occurred since January 1, 2005, provided that in no event shall the rent hereunder be so increased more than 12% for any one year. All rent payable hereunder shall be paid without setoff, deduction, abatement, suspension or apportionment, and the obligations of Lessee hereunder shall not be released, discharged or otherwise affected by damage or destruction or condemnation of the property in which Lessee has an interest by virtue of this Lease, or termination of this Lease for any reason other than default of Lessor, or any other occurrence whatsoever, whether or not similar to the foregoing. All rentals hereunder and late charges thereon shall be payable in lawful money of the United States of America.
Rental. Lessee shall pay to Lessor as rent for the Premises the sum of $9,583 per month during the first year of the lease term.
Rental. The Lessee shall pay to the District as and for advance rental hereunder $1.00 per year or part thereof, or the aggregate sum of [$1.00 x number of years of lease], on or before the date of commencement of the Term of this Site Lease. The Lessee shall have no obligation to make rental payments hereunder in the event the Commencement Date of this Site Lease does not occur as a result of the District’s inability to issue a Notice to Proceed for the Project pursuant to the provisions of the Construction Services Agreement.
