Common use of Rental Concessions Clause in Contracts

Rental Concessions. Except as set forth on the Rent Rolls, no tenant, under any of the Leases is, or as of the Closing will be, entitled to any free rent, concessions, allowances, rebates or refunds and no tenant under any of the Leases has, or as of the Closing will have, prepaid any rent or other charges for more than one month in advance.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (American Community Properties Trust), Agreement of Purchase and Sale (American Community Properties Trust)

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Rental Concessions. Except as set forth on the Rent RollsRoll and the Certified Rent Roll, no tenant, under any of the Leases Lease is, or as of the Closing will be, entitled to any free rent, concessions, allowances, rebates or refunds and no tenant under any of the Leases has, or as of the Closing will have, prepaid any rent or other charges for more than one (1) month in advance.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Montgomery Realty Group Inc), Purchase and Sale Agreement (Montgomery Realty Group Inc)

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