Rentals and Charges. 3.1 The Hirer will pay to the Lessor (subject to any adjustment under Clause 4 below) the Rental specified at the rate overleaf punctually at the times shown there or at such other times as the Lessor may notify to the Hirer. Any such payment and any other sums due from the Hirer to the Lessor under this Agreement (where appropriate) must include the correct amount of any VAT payable on such payment or other sums. Time shall be of the essence in respect of the payment of all sums due hereunder and the Hirer shall be deemed to have repudiated this Agreement if any Rental or other payments shall remain unpaid for more than 14 days after becoming due.
Rentals and Charges. At the time of the execution of this Lease Agreement, Lessee shall pay to Lessor the sum of One Hundred-Five Dollars ($105.00) to be held and disbursed as a rental deposit. Upon the termination of this Lease, absent any damages beyond the normal wear and tear to the leased premises, failure to return keys requiring an expense to rekey, or absent any default or violation of the provisions of this Lease which allows Lessor to retain all or a part of the security deposit, Lessor shall refund Lessee’s security deposit in accordance with applicable state and local laws. In the absence of any state or local laws regarding the returning of security deposits, and upon the above conditions being met, Lessor shall refund Lessee’s security deposit within thirty (30) days of the date of termination of this Lease. Also, in the absence of any state or local laws, if Lessee gives Lessor an incorrect or incomplete forwarding address, or if Lessee does not give Lessor a forwarding address, and Lessor is unable, after reasonable investigation, to determine Xxxxxx’s new mailing address within sixty (60) days from the date of termination of the Lease, the security deposit shall become the unconditional property of the Lessor. Xxxxxx agrees to pay Lessor for the exclusive use of the Garage Bay the sum of One Thousand Two Hundred Sixty Dollars ($1,260.00) per annum, computed at the rate of One Hundred-Five Dollars ($ 105.00) per month. Rentals under this section shall be paid in advance in monthly installments due and payable no later than the first day of each month, and if not received by said date are delinquent. In the event of continued possession by Xxxxxx, beyond the expiration of its tenancy (and absent a written agreement by both parties for an extension of this lease, or for a new lease) Lessee shall pay rent in a monthly amount equal to One Hundred Fifty Percent (150%) of the monthly rental amount. In the event the leased premises or the means of access thereto shall be damaged by fire or other cause, the rent shall not xxxxx, provided that the hangar is not rendered untenantable by such damage. In the event the leased premises is rendered untenantable and the Lessor elects to repair it the rent shall xxxxx for the period during which such repairs are being made, provided the damage was not caused by the acts or omissions of Lessee, its employees, agents or invitees, in which case the rent shall not xxxxx.
Rentals and Charges. Lessee agrees to pay City, for the use of the Premises identified in Exhibit A, and for services and privileges granted under this Lease, the following:
Rentals and Charges. Lessee agrees to pay Lessor for the use of the premises, facilities, rights, services, and privileges granted herein under, a monthly fee for the use of the roadways, runways and taxiways of $23.00 per month. The fee will begin the first day of the month following the purchase of property. Fees are payable (due) on the first of each month. Fees will be subject to annual increases as determined by the stockholders, subject to a 90-day notice. Billing cycle January, April, July and October. A late fee of $15 will be assessed after 90 days.
