Common use of Rental Rate Clause in Contracts

Rental Rate. LESSEE shall pay the monthly rent as set forth in Exhibit “B” (“Monthly Rent”) due and payable in advance of the first day of each calendar month, beginning on the commencement date of this Lease. Unless directed to do otherwise by AIRPORT, LESSEE shall pay only in cash or by personal check, certified check, or money order. The rent shall be paid to the Airport Manager at his/her office or at any other address designated by the LESSOR or the Airport Manager. A late fee shall be levied in the amount of ten percent (10%) of the amount due for any amount not received by the fifth (5th) day of the month due. If the term of this Lease begins on a day other than the first day of the month, the Monthly Rent stated above for the first month shall be prorated based on a thirty-day month and shall be due and payable at the time LESSEE signs this Lease.

Rental Rate. LESSEE shall pay the monthly rent as set forth in Exhibit “B” (“Monthly Rent”) due and payable in advance of the first day of each calendar month, beginning on the commencement date of this Lease. Unless directed to do otherwise by AIRPORTXXXXXX, LESSEE shall pay only in cash or by personal check, certified check, or money order. The rent shall be paid to the Airport Manager at his/her office or at any other address designated by the LESSOR or the Airport Manager. A late fee shall be levied in the amount of ten percent (10%) of the amount due for any amount not received by the fifth (5th) day of the month due. If the term of this Lease LEASE begins on a day other than the first day of the month, the Monthly Rent stated above for the first month shall be prorated based on a thirty-day month and shall be due and payable at the time LESSEE signs this Lease.