Rent Security definition
Examples of Rent Security in a sentence
If for any reason the Lessee claims the Equipment was not the same as described under this Agreement, the Lessee shall be able to return the Equipment and obtain a full refund for any Rent, Security Deposit, and any other payments made.
Tenant 1st Month’s Rent; Security Deposit (if any); Prorated Amount – If the tenant moves in before the lease start date; and Other Fees – If there are any other obligations due (e.g. pet fees).
If this Lease shall be so cancelled or terminated, Landlord, in addition to the other rights and remedies of Landlord by virtue of any other provision herein or elsewhere in this Lease contained or by virtue of any statute or rule of law, may retain and apply to damages incurred by Landlord, any Rent, Security Deposit or monies received by Landlord from Tenant or on behalf of Tenant.
All payments of Rent, Security Deposit and in respect of Maintenance Reserves shall be made by Lessee to the bank account identified in Appendix 2B or to such other account designated in writing by Security Trustee not less than two (2) Business Days prior to the due date of any relevant payment.
So long as the Loan shall be outstanding, neither Borrowers nor Manager shall open any other property accounts other than the Operating Account and the other Accounts for the deposit of Rent, Security Deposits or revenues from the Properties.
Tenant understands and agrees it may include keeping as a penalty any and all Prepaid Rent, Security Deposit amounts and/or hold Tenant responsible for entire Lease sum.
By way of example only, if Landlord determines to hold all of the shares of Common Stock without providing all required broker paperwork to sell the common stock to the market maker or approved broker in accordance with the guaranty requirements and timelines under this Section 4.03, the Basic Rent, Security Deposit, Taxes, and Operating Expenses to the extent specified above shall be deemed paid in full.
To pay the Rent, Security Deposit and other fees fully and properly.
Tenant acknowledges that the square footages of the Premises and the Property are only approximate, and Landlord and Tenant agree that, notwithstanding the actual square footage of the Premises and the Property, Tenant’s Proportionate Share, as described in Section 1(i), shall be deemed correct for all matters of this Lease including but not limited to the calculation of Base Rent, Additional Rent, Security Deposit and any construction allowances.
If at any time during the Term, the credit rating of Tenant's corporate debt drops below BBB as rated by Standard & Poor's (or the equivalent rating by any other national rating agency designated by Landlord), upon notice from Landlord, Tenant shall deposit a sum with Landlord equal to one month's installment of the then applicable annual Base Rent ("Security Deposit"), as security for the full and faithful performance by Tenant, of each and every term, covenant, and condition of this Lease.