Common use of Storage Charges Clause in Contracts

Storage Charges. 30. If the Tenant does not remove the Tenant Chattels by the date(s) provided in this Agreement, the Landlord shall be entitled to remove the Tenant Chattels from the Site at the Tenant’s cost. The Landlord shall have a lien on the Tenant Chattels for storage charges (which the parties hereto deem to be reasonable) at the rate of $35.00 per day calculated from the date such Tenant Chattels should have been removed, together with the cost of removal and transportation charges. If the Tenant fails to pay storage charges, within fourteen (14) clear days of receiving written notification thereof from the Landlord, then the Tenant Chattels shall become the Landlord’s property and, the Landlord may sell the Tenant Chattels either privately or at public auction. After the deduction of the Landlord’s costs related to removal, transportation and sale of the Tenant Chattels, the balance shall be applied against storage charges and any shortfall shall be paid by the Tenant. The Tenant does hereby grant the Landlord the authority to discard or destroy any of the Tenant Chattels and Tenant Improvements left on the Site by the Tenant that the Landlord, in its sole unfettered discretion, deems unsuitable or unworthy of storage.

Appears in 3 contracts

Samples: 2023 Lease Agreement, 2022 Lease Agreement, Lease Agreement

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Storage Charges. 3033. If the Tenant does not remove the Tenant Chattels by the date(s) provided in this Agreement, the Landlord shall be entitled to remove the Tenant Chattels from the Site at the Tenant’s cost. The Landlord shall have a lien on the Tenant Chattels for storage charges (which the parties hereto deem to be reasonable) at the rate of $35.00 per day calculated from the date such Tenant Chattels should have been removed, together with the cost of removal and transportation charges. If the Tenant fails to pay storage charges, within fourteen (14) 5 clear days of receiving written notification thereof from the Landlord, then the Tenant Chattels shall become the Landlord’s property and, the Landlord may sell the Tenant Chattels either privately or at public auctionauction and the provisions of paragraph 25 hereof shall apply. After the deduction of the Landlord’s costs related to removal, transportation and sale of the Tenant Chattels, the balance shall be applied against storage charges and any shortfall shall be paid by the Tenant. The Tenant shall have no claim whatsoever for any damages to the Tenant Chattels, however caused. Notwithstanding the foregoing, the Tenant does hereby grant the Landlord the authority to discard or destroy any of the Tenant Chattels and Tenant Improvements left on the Site by the Tenant that the Landlord, in its sole unfettered discretion, deems unsuitable or unworthy worthy of storage.

Appears in 2 contracts

Samples: Lease Agreement, 2020 Lease Agreement

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Storage Charges. 30. 20.1 If the Tenant does not remove the Tenant Chattels by the date(s) provided in this AgreementLease, the Landlord shall be entitled to remove the Tenant Chattels from the Site at the Tenant’s cost. The Landlord shall have a lien on the Tenant Chattels for storage charges (which the parties hereto deem to be reasonable) at the rate of $35.00 per day calculated from the date such Tenant Chattels should have been removed, together with the cost of removal and transportation charges. If the Tenant fails to pay storage charges, within fourteen (14) clear days of receiving written notification thereof from the Landlord, then the Tenant Chattels shall become the Landlord’s property and, the Landlord may sell the Tenant Chattels either privately or at public auction. After the deduction of the Landlord’s costs related to removal, transportation and sale of the Tenant Chattels, the balance shall be applied against storage charges and any shortfall shall be paid by the Tenant. The Tenant does hereby grant the Landlord the authority to discard or destroy any of the Tenant Chattels and Tenant Improvements left on the Site by the Tenant that the Landlord, in its sole unfettered discretion, deems unsuitable or unworthy of storage.

Appears in 1 contract

Samples: Lease Agreement

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