Prepaid Rental Clause Examples

The Prepaid Rental clause requires the tenant to pay a portion or the entirety of the rent in advance, rather than on a recurring monthly basis. This clause typically specifies the amount to be prepaid, the timing of the payment, and how the prepaid funds will be applied to future rent obligations. By securing rental payments upfront, this clause provides the landlord with financial assurance and reduces the risk of missed or late payments.
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Prepaid Rental. Landlord hereby acknowledges receipt from Tenant of the Prepaid Rental to be applied to the first accruing installments of Minimum Guaranteed Rental and Additional Charges.
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Prepaid Rental. If the tenant is required to pre-pay the rent in advance must be selected. This is common with tenants with no or bad credit history. Section XIII. Prorated period. (20) The apportioning period is selected if the tenant wishes to move out before the start date of the lease. They will usually have to pay the prorated amount of rent based on the number of days you move in early. Section XIV. Security deposit (21) If there is a security deposit, it must be selected and the amount entered. Most commonly, this is equal to one (1) month's rent, but can be the maximum under state law. Section XV. Moving inspection (22) In some a moving inspection is required. This is always recommended to protect the tenant from their security deposit which is unfairly deducted at the end of the lease for pre-existing damage to the facility. Section XVI. Parking (23) Check whether or not the landlord will provide on-site parking. If the landlord is going to provide parking, enter whether or not there is a fee for each Section XVII. Sale of the Property (24) If the landlord wants the option for the tenant to move to the sale of the property, it must be selected. Section XVIII. Utilities (25) Enter all utilities for which the landlord will be responsible during the lease period. All other utilities will be paid for by the tenant. Section XIX. Early Termination (26) Gives the tenant the option to terminate the lease early. A landlord will generally allow it for a one (1) month rent fee. Section XX. Smoking Policy (27) Allows the owner to set the smoking policy at the property. In California, for example, this needs to be stated in the lease. Section XXI. Pets (28) Establish a pet policy. If pets are allowed, the owner can limit the number of pets, types and how much they weigh. Section XXII. Water beds (29) It is highly recommended to detail in the lease whether or not water beds are allowed. Section XXIII. Notices (30) It is required in almost all States that the landlord's address be provided for official notices. (31) Although not necessary, it is highly recommended that the tenant's address is also entered for notices (more commonly it is the address of the premises). Section XXIV. Agent/Administrator
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Prepaid Rental. If, under the terms of this Article 25, Tenant is required to pay the full principal amount of the Bonds, whether upon maturity, acceleration, or otherwise, Tenant shall be entitled to a credit against Minimum Rental for such payment, which credit until it is exhausted shall constitute Prepaid Rental and be applicable to future Minimum Rental due. The unapplied portion of such Prepaid Rental shall bear interest at the Prime Rate as set from time to time by Bankers Trust Company, New York, New York, with such interest constituting additional Prepaid Rental.
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Prepaid Rental. None required. -------------- Tenant's Pro Rata Share For Year 1: ----------------------- ----------- of the Basic Cost for --------------------- the Building: Months 1-3 100% ------------- Months 4-6 100% Months 7-9 100% Months 10-12 100% For Year 2 and remainder of the Lease Term: 100% Tenant's Pro Rata Share ----------------------- Of the Basic Costs ------------------ for the Project: 3.9%, calculated on the basis of the --------------- Rentable Area of the Building, as compared to the proposed total rentable area of the Project, estimated by Landlord and Tenant to be approximately 2,000,000 rentable square feet. Within thirty (30) days of the earlier to occur of (i) the date on which Landlord determines that the Project has been completed or (ii) the date on which the total rentable square feet of buildings in the Project reaches 2,000,000 square feet, Tenant's Pro Rata Share of the Basic Costs for the Project shall be adjusted to that percentage resulting from dividing the Rentable square feet of the Building by the total Rentable square feet of the buildings in the Project, in the event that the actual Rentable square feet of buildings in the Project is greater than or less than 2,000,000 square feet. Such adjustment to Tenant's Pro Rata Share of Basic Costs for the Project shall be effective beginning with the calendar month following the date of such calculation.
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Prepaid Rental. The “Prepaid Rental” referenced in this Lease shall mean an amount equal to $55,924.90, which is an estimate of the Base Rent and Additional Expenses owed by Tenant for the first full month of the Term in which Base Rent is due. Such Prepaid Rental shall be due and payable upon execution of this Lease.
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Prepaid Rental. As consideration for the NAIT Ducts' occupancy of Railroad's right-of-way in the Segments for the Initial Term specified in the Right-of-Way Sublease Agreement, NAIT will pay to T-Cubed the prepaid rental specified in, at the times specified in, Schedule C-1 and C-2. NAIT and T-Cubed agree that, for tax purposes, they will account for the prepaid rental consistent with the rules applicable to prepaid rental under a section 467 rental agreement.
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Prepaid Rental. $ -0- being rent for the ____________________ month(s) of the lease term, to be paid upon execution hereof.
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Related to Prepaid Rental

  • Prepaid Rent Tenant shall, upon execution of this Lease, pay to Landlord the amount set forth in Article 1 as "First Month's Prepaid Rent" as prepayment of rent for credit against the first payment of Base Monthly Rent due hereunder.

  • Sink Rental Serviced(Includes first day delivery/last day pickup and daily rental rate per unit) 1 $75 Daily Ea.

  • Base Rental (a) Tenant agrees to pay during the Lease Term, to Landlord, without any setoff or deduction whatsoever the Base Rental, and all such other sums of money payable by the Tenant hereunder as additional rent (whether or not expressly characterized as additional rent), all of which are sometimes herein collectively called "rent", for the nonpayment of which Landlord shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. If no earlier due date is expressly specified herein for the payment of additional rent, additional rent shall be payable in full no later than the due date of the next following installment of Base Rental. The annual Base Rental for each lease year or portion thereof during the Lease Term, together with any estimated adjustments thereto pursuant to Exhibit D hereof, shall be due and payable in advance in twelve (12) equal installments on the first day of each calendar month during the Lease Term, and Tenant hereby agrees to pay such Base Rental and any adjustments thereto as additional rent to Landlord at Landlord's address provided herein (or such other address as may be designated by Landlord in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than the first day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, based on the number of days in such month. (b) In the event any installment of rent is not paid(5) of when due and payable, Tenant shall pay a late charge of four percent (4%) of the delinquent amount.

  • Basic Rental Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) full calendar months of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

  • Rent Sublessee shall pay Sublessor as rent for the Premises (“Base Rent”) its pro rata share (based on the ratio of the square footage of the Premises to the square footage of the Master Premises (its “Pro Rata Share”)) of the rent payable under the Master Lease, together with an amount equal to Sublessee’s pro rata share (based on the ratio of square footage of the Premises (excluding the Shared Areas) to the square footage of the Master Premises (excluding the Shared Areas), of the rent payable under the Master Lease with respect to the Shared Areas. Such amounts shall be due and payable within thirty (30) days of delivery by Landlord of an invoice therefor, without deduction or offset and without prior notice or demand, at the address indicated by Sublessor in writing from time to time. Such Base Rent shall increase from time to time based on increases in the base rent under the Master Lease. In addition, Sublessee shall pay, as and when due under the Master Lease, (a) its Pro Rata Share of all operating expenses, taxes, insurance and other costs payable under the Master Lease, but specifically excluding any fees, costs, charges or other consideration paid or payable by Sublessor to Master Lessor in connection with Sublessor’s exercise of any termination right or option that Sublessor may have under the Master Lease to terminate the Master Lease prior to the expiration of the then-scheduled term of the Master Lease (it being understood that Sublessee shall have no obligation to pay any portion of any such fees, costs, charges, penalties or other consideration paid in connection with Sublessor’s exercise of any such early termination right or option, and that Sublessor reserves the right to exercise any such express early termination right or option held by Sublessor under the Master Lease notwithstanding anything to the contrary contained in this Sublease), and (b) all costs directly incurred by or at the request of Sublessee with respect to its use of the Premises. All amounts required to be paid by Sublessee under this Sublease other than Base Rent shall be deemed additional rent.