Additional Rents Clause Samples
The "Additional Rents" clause defines the tenant's obligation to pay costs beyond the base rent specified in a lease agreement. These additional payments may include expenses such as property taxes, insurance premiums, maintenance fees, or utilities that the landlord incurs in connection with the leased premises. By outlining these extra financial responsibilities, the clause ensures that the landlord is reimbursed for certain operating costs, thereby allocating these expenses to the tenant and preventing disputes over who is responsible for them.
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Additional Rents. If any tenants are required to pay percentage rent, escalation charges for real estate taxes, parking charges, operating expenses and maintenance escalation rents or charges, cost-of-living increases or other charges of a similar nature ("Additional Rents") and any Additional Rents are received from a tenant after the Closing Date, then the Purchaser shall apply such Additional Rents (i) first, to the applicable rental period(s) following the period in which the Closing occurred, to the extent of any Additional Rents due and owing for such period, (ii) second, to the applicable rental period in which the Closing occurred, to the extent of any Additional Rents due and owing for such period, and (iii) third, to the applicable rental period(s) preceding the period in which the Closing occurred, to the extent of any Additional Rents due and owing for such period, less, in the case of rents received by the Purchaser, a proportionate share of any reasonable attorneys' fees and costs and expenses expended by the Purchaser in connection with collection thereof. Notwithstanding the foregoing allocation, if and to the extent that any remittance of Additional Rents is accompanied by express directions from a tenant that such Additional Rents are allocable to a specific rental period, such Additional Rents shall be applied first to the rental period so specified, and the remainder shall be applied in accordance with the immediately preceding sentence. To the extent that such Additional Rents consist of percentage rents, such Additional Rents shall be allocated under this Section 3.3.2 based on the assumption that such Additional Rents are earned at a constant rate during the course of the period for which such Additional Rents are paid. The obligations of this Section 3.3.2 shall survive the Closing. In the event that the provisions of any Lease regarding calculation of Additional Rents call for a partial refunding or credit of such Additional Rents for any period paid in advance by such tenant, the Sellers shall pay a portion of such refund or credit, net of offsets, ratably attributable to the portion of such Additional Rents received by the Sellers for such period.
Additional Rents. In addition to fixed minimum rent, Common Area Costs, insurance and taxes, Tenant agrees that all other sums of money or charges required to be paid by Tenant under the provisions of this Lease, shall be deemed to be and shall become “additional rent,” whether or not the same be designated as such, and shall be included in the term “rent” wherever used in this Lease. If Tenant does not pay such amounts at the time(s) provided in this Lease, they shall nevertheless be collectible from Tenant as additional rent with the next installment of rent thereafter falling due hereunder, but nothing herein contained shall be deemed to suspend or delay the payment of any sum at the time it becomes due and payable, or limit any other remedy of the Landlord.
Additional Rents. All amounts, other than Fixed Rents, due from any Tenant under any Lease, including without limitation, percentage rents, escalation charges for real estate taxes, parking charges, marketing fund charges, reimbursement of Expenses, maintenance escalation rents or charges, cost of living increases or other charges of a similar nature, if any, and any additional charges and expenses payable under any Lease.
Additional Rents. If any tenants are required to pay percentage rent, escalation charges for real estate taxes, parking charges, operating expenses and maintenance escalation charges, cost-of-living increases or other charges of a similar nature ("Additional Rents") and any Additional Rents are collected by the Purchaser from a tenant after the Closing Date, then the Purchaser shall promptly pay to the Seller out of the first such sums received from such tenant the amount of all Additional Rents which are due and payable by such tenant with respect to any period prior to the Closing Date (whether or not such Additional Rents first became due and payable on or after the Closing Date), less a proportionate share of any reasonable attorneys' fees and costs and expenses of collection thereof (to the extent not collected from or reimbursed by tenants).
Additional Rents. If any tenants are required to pay percentage rent, escalation charges for real estate taxes, parking charges, operating expenses and maintenance escalation charges, cost-of-living increases or other charges of a similar nature ("Additional Rents") and any Additional Rents are collected by the Purchaser or the Seller from a tenant after the Closing Date, then such Additional Rents shall be applied to amounts due and payable by such tenant in the manner specified by such tenant, provided, that, if the tenant does not so specify, such Additional Rents shall be applied to amounts due and payable by such tenant during the following periods in the following order of priority: (i) first, to the month in which the Closing occurred, (ii) second, to the months following the month in which the Closing occurred, and (iii) third, to the months preceding the month in which the Closing occurred. If Additional Rents or any portion thereof received by the Seller or the Purchaser after the Closing are due and payable to the other party by reason of this allocation, the appropriate sum, less a proportionate share of any reasonable attorneys' fees and costs and expenses expended in connection with the collection thereof, (to the extent not collected from or reimbursed by tenants) shall be promptly paid to the other party..
Additional Rents. TENANT agrees to pay Additional Rent in the amount of 10% of the rental amount if LANDLORD does not receive payment by the 3rd of each month and further agrees to pay an Additional Rent of $10.00 each day thereafter until the rent is received by LANDLORD.
Additional Rents. All Additional Rents required under the Monthly Activity Reports for each calendar month shall be due to City without invoice on or before the tenth (10th) day of each subsequent calendar month during the term of the Agreement.
Additional Rents. If Tenant enters into an approved sublease or assignment and said sublease or assignment provides or permits any rent or other consideration, whether in a lump sum or in periodic installments, in excess of Tenant's rent then such excess rent or other consideration shall be paid to Landlord. Tenant shall not allow or permit any transfer of this Lease, or any interest under this Lease, by operation of law or convey, mortgage, pledge or encumber this Lease or any interest in this Lease. PROHIBITION OF FURTHER ASSIGNMENT OR SUBLEASING. Landlord's consent to one assignment or sublease will not waive the requirement of its consent to any subsequent assignment or sublease.
Additional Rents. If any tenants are required to pay percentage rent, escalation charges for real estate taxes, parking charges, operating expenses and maintenance escalation charges, cost-of-living increases or other charges of a similar nature ("Additional Rents") and any Additional Rents are collected by the Purchaser from a tenant after the Closing Date, then the Purchaser shall apply the amount of such Additional Rents as may be specifically designated by such tenant in writing or, in lieu thereof, the Purchaser shall promptly pay to the Sellers out of the first such sums received from such tenant the amount of all Additional Rents which are due and payable by such tenant with respect to any period prior to the Closing Date (whether or not such Additional Rents first became due and payable on or after the Closing Date), less a proportionate share of any reasonable attorneys' fees and costs and expenses of collection thereof (to the extent not collected from or reimbursed by tenants).
Additional Rents. The Insurance Rent; and Any interest chargeable under this lease;