Waiving The Security Deposit Sample Clauses

Waiving The Security Deposit. As a custom, the Lessor will expect to receive a certain amount based on the monthly rent to hold for the length of this agreement. This amount would be returned in full to the Lessee when the agreement terminates and the Lessee does not have an unpaid balance with the Lessor. In some states, this security deposit will need to be held by the Lessor in certain types of accounts. If the Lessor does not intend to collect a security deposit from the Lessee, then select the first checkbox statement. (16)
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Waiving The Security Deposit. The amount of money the Lessor expects from the Lessee as a rent payment should be written out then numerically presented to the spaces in Article VI. If the Lessee may renew this lease upon its termination and must pay a predetermined dollar amount in addition to the monthly rent as an increase, then select the final statement and record the dollar amount that will be added to the current rent. These properties have three categories based on their quality of construction and location (Class A, Class B, and Class C). If the Premises is not in compliance with the Americans with Disability Act any modifications or construction will be the responsibility of the Lessor. (19) Release Of Percentage Rent. It is also important to write all the amenities, parking, water/sewer, and any other information that is necessary to the needs of a prospective tenant. View a Sample Individual Report. Use Of Leased Premises (10) Defined As All Purpose. As a professional businessman you may regularly prepare documents for business purpose that may be full of many different formats and take long time to prepare. Triple (NNN)
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Waiving The Security Deposit. III. Dispense the percentage of the Lessee’s revenue that should be paid to the Lessor. This value should be written out then presented numerically along with the type of revenue (I.e. gross sales, etc.) that will be used for this calculation. Expenses (26)
Sample 1
Waiving The Security Deposit. Option To Renew (33) Lessee May Not Renew. (Video) Types of Commercial Space (3) There are a variety of different commercial properties out there, and it’s important for businesses and landlords to know the difference. Use Of Leased Premises (10) Defined As All Purpose. For instance, it wouldn’t make sense for a landlord to advertise a property to retail outlets if the commercial space was designed for a warehouse. Description Of Leased Premises (6)
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Waiving The Security Deposit. The physical address where the commercial property is accessible is a necessary item for this contract’s effect. VIII. Step 10 – Write the Commercial Lease Agreement Use an attorney or draft the lease yourself. When adding your property it is best to have nice looking images of the interior and exterior along with any common areas. Lessor’s Acknowledgment Of Notary Public (51) Notary Acknowledgment Of Lessee Signature. Example – Charge the tenant a percentage (%) rent of their sales rather than a higher monthly amount. These properties have three categories based on their quality of construction and location (Class A, Class B, and Class C). (Video) Types of Commercial Space (3) There are a variety of different commercial properties out there, and it’s important for businesses and landlords to know the difference. If the Lessor and Lessee agree that this agreement will not be renewed, then xxxx the first checkbox statement to include this provision. The third checkbox should be marked if the Lessee may renew the lease and be required to pay an increase that is the calculated product of the rent and the annual change of the CPI (Consumer Price Index). Download: Adobe PDF, MS Word, OpenDocument Triple-Net (NNN) Lease Agreement – Tenant pays an agreed-upon amount to the landlord in addition to all expenses apart of the property including but not limited to taxes, common area maintenance (CAM’s), and real estate taxes levied by the county and/or city/town. This will often include additional terms to negotiate how space will be blocked off for different tenants or if one business will have exclusive rights to the property. (16)
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Related to Waiving The Security Deposit

  • Security Deposit Not later than December 31, 2007, Tenant agrees to deposit with Landlord, the sum of $95,000.00 to be held by Landlord as security for the faithful performance of all the terms and conditions of this Lease (“Security Deposit”). Should the Tenant breach any of the terms and conditions of this Lease which continues beyond any applicable cure period and required notice, Landlord shall have the right, at any time, to apply the Security Deposit or any part thereof, for the purpose of curing any such default or for the purpose of reimbursing Landlord for any damage or costs occasioned by such default, but the right of Landlord to apply the Security Deposit shall not affect any other remedies available to Landlord under this Lease or under applicable law. If the Security Deposit, or any part thereof, is so applied by Landlord, Tenant shall, within ten (10) days after demand, deposit additional funds with Landlord to restore the Security Deposit, and failure to do so shall constitute an event of default under this Lease. If the Tenant shall have complied with all material terms and conditions of this Lease at the expiration of this Lease, the Security Deposit (without interest and amounts properly withdrawn by Landlord and not refunded by Tenant) shall be refunded to Tenant within thirty (30) days after the expiration or sooner termination of this Lease (including without limitation permitted terminations hereunder and terminations due to Landlord’s default which continues beyond applicable grace and cure periods following notice where applicable); provided, however, that Tenant first shall have vacated the Leased Space and surrendered possession thereof to the Landlord by delivery of keys, in accordance with the Lease provisions and shall have returned the Leased Space to Landlord in the condition required hereunder. Nothing herein contained shall require Landlord to hold the sums so deposited as a trust fund, nor establish any relationship other than that of debtor and creditor with respect to said funds so deposited. If Landlord shall assign or otherwise transfer its interest in this Lease, Landlord shall transfer the Security Deposit to the assignee or other transferee of such interest (with like obligation to transfer to any subsequent assignee or other transferee), and upon such transfer, Landlord shall be released and relieved from all liability and/or responsibility with respect to this Security Deposit and/or the return or application thereof.

  • NON-WAIVER OF DEFAULT The failure of either party to insist, in any one or more instances, on the performance of any term or condition of this Agreement shall not be construed as a waiver or relinquishment of any rights granted hereunder or of the future performance of any such term or condition, and the obligations of the non-performing party with respect thereto shall continue in full force and effect.

  • Rent and Security Deposit (if applicable). Renter will pay the Town a rental fee of $ at the signing of this Rental Agreement. Renter will also pay the Town a security deposit of $ at the signing of this Rental Agreement.

  • SUBORDINATION OF LEASE This Agreement and Tenant's interest hereunder are and shall be subordinate, junior and inferior to any and all mortgages, liens or encumbrances now or hereafter placed on the Premises by Landlord, all advances made under any such mortgages, liens or encumbrances (including, but not limited to, future advances), the interest payable on such mortgages, liens or encumbrances and any and all renewals, extensions or modifications of such mortgages, liens or encumbrances.

  • No Waiver of Defaults Except as expressly set out above, this Amendment does not constitute (i) a waiver of, or a consent to, (A) any provision of the Credit Agreement or any other Loan Document not expressly referred to in this Amendment, or (B) any present or future violation of, or default under, any provision of the Loan Documents, or (ii) a waiver of Lender’s right to insist upon future compliance with each term, covenant, condition and provision of the Loan Documents.

  • Waiver of Defaults By a written notice, the Purchaser may waive any default by the Company in the performance of its obligations hereunder and its consequences. Upon any waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereon except to the extent expressly so waived.

  • Breach by Lessor Lessor shall not be deemed in breach of this Lease unless Lessor fails within a reasonable time to perform an obligation required to be performed by Lessor. For purposes of this Paragraph 13.5, a reasonable time shall in no event be less than thirty (30) days after receipt by Lessor, and by any Lender(s) whose name and address shall have been furnished to Lessee in writing for such purpose, of written notice specifying wherein such obligation of Lessor has not been performed; provided, however, that if the nature of Lessor's obligation is such that more than thirty (30) days after such notice are reasonably required for its performance, then Lessor shall not be in breach of this Lease if performance is commenced within such thirty (30) day period and thereafter diligently pursued to completion.

  • Waiver of Default Upon the happening of any default hereunder:

  • Breach of Lease 4.H If the Academy Trust is, or if it is reasonably foreseeable that it will be, in material breach of the Lease, the Academy Trust must immediately give written notice to the Secretary of State stating what the breach is and what action the Academy Trust has taken or proposes to take to remedy it, including timescales where appropriate.

  • No Waiver of Default No waiver by the parties hereto of any default or breach of any covenant, term or condition of this Agreement shall be deemed to be a waiver of any other default or breach of the same or any other covenant, term or condition contained herein.

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