Unit Rent definition
Examples of Unit Rent in a sentence
The Rent for each Unit for any Automatic Extension shall be payable monthly, in advance, and shall be in an amount equal to the Unit Rent specified above, or its monthly equivalent if the Rent for such Unit is specified for a period greater than one month.
Each Unit Owner shall have the right to pay its Unit Rent directly to Landlord if not paid by the Condominium Association.
If Seller shall fail to deliver an Applicable Unit in Rent Ready condition at the Close of Escrow, Buyer's sole remedy hereunder shall be an adjustment of the Purchase Price in the amount of the actual amount that it will cost to make such Applicable Unit Rent Ready, provided however, that in no event shall such amount exceed Seven Hundred Fifty Dollars ($750.00) per Applicable Unit or Seven Thousand Five Hundred Dollars ($7,500.00) in the aggregate.
Provided, however, that if a Unit Owner cannot reasonably cure any default (other than payment of its Unit Rent to Landlord) attributable solely the Unit Owner’s Unit, there shall be no continuing default of the Lease as to a Unit Owner and its lienholder, but such Unit Owner, at Landlord’s request, shall attorn directly to Landlord.
All rent, whether Base Apartment Rent, Utilities or Storage Unit Rent is due and payable on the first (1st ) day of every month during the Term of this Lease, which may be subject to change in accordance with section 8.7 herein.
If any Base Apartment Rent, Utilities or Storage Unit Rent has not been paid by the fifteenth (15th) of the month, cable TV service to the Premises shall be terminated.
Following demolition, the Owner will use and occupy any replacement Dwelling Unit in compliance with this Agreement to the same extent and in the same manner as this Agreement applies to the original Dwelling Unit, and the Dwelling Unit must be approved by the City as a Replacement Rental Unit, Rent Controlled Rental Unit, or Secure Rental Unit, in accordance with this Agreement.
Except for the escrow described in Section 7 or transfer of the Shares to the Company or its assignees contemplated by this Agreement, none of the Shares nor any beneficial interest therein shall be transferred, encumbered or otherwise disposed of in any way until the release of such Shares from the Company's Repurchase Option in accordance with the provisions of this Agreement.
Upon the commencement of the Phase II Renewal Term, i.e. when the first ton enters the Phase II portion of the facility, the Per Unit Rent Rate shall be increased by10%.
Any unpaid Phase Base Rent or Unit Rent shall be paid to Lessor prior to any payment of percentage rent on any Phase of the Development.