Common use of TRANSFER OF RENT Clause in Contracts

TRANSFER OF RENT. On the date of entry, the tenant will pay the first months rent (this may be apportioned, depending on the date of entry), plus the deposit. The rent will be paid to you on a monthly basis, and each payment, after deduction of our Management Fee, and any expenditure, shall be lodged with your Bank or Building Society. Interim payments following late rental payments, will only be made by request.

TRANSFER OF RENT. On the date of entry, the tenant will pay the first months month’s rent (this may be apportioned, depending on the date of entry), plus the deposit. The rent will be paid to you the Landlord on a monthly basis, and each payment, after deduction of our Management Fee, and any expenditure, shall be lodged with your the Landlord’s Bank or Building Society. Interim payments following late rental payments, payments will only be made by request.