RENTAL PAYABLE Sample Clauses

The "RENTAL PAYABLE" clause defines the tenant's obligation to pay rent to the landlord under a lease agreement. It typically specifies the amount of rent due, the frequency and method of payment, and any adjustments or additional charges that may apply, such as late fees or service charges. By clearly outlining when and how rent must be paid, this clause ensures both parties understand their financial responsibilities and helps prevent disputes over payment terms.
RENTAL PAYABLE. 4.1 The monthly rental is that recorded in clause 1.3 of the Schedule and shall be paid in advance on the first day of each and every month as stipulated in clause 1.4 of the Schedule without deduction or demand, in terms of clause 4.5 below. 4.2 After the expiry of the minimum period stipulated in clause 1.2 of the Schedule, the LANDLORD shall be entitled to increase the monthly rental payable by the TENANT by giving the TENANT one (1) calendar month’s written notice of such increase. Such notice shall be given so as to be delivered to the TENANT at the PREMISES before 16h00 of the last business day of the month but one prior to the month in which the increases or the increase is to be effective. 4.3 If, at any time during the currency of this lease, the sectional title levy/rates are increased, the LANDLORD shall be entitled to recover from the TENANT such increases with effect from the date upon which same became effective. 4.4 Payments of rentals received after the 1st day of the month in respect of which the rental is due, shall be subject to a surcharge of R 100,00 (ONE HUNDRED RANDS) and thereafter 32% (THIRTY TWO PERCENT) interest on arrears to cover collection fees and/or additional administration costs. The TENANT shall on demand pay such surcharge to the LANDLORD or the Estate Agent, acting on behalf of the LANDLORD. 4.5 The TENANT shall make payment by means of electronic funds transfer to the LANDLORD’s bank account which shall be furnished on the date of signature of this lease agreement, however, where the TENANT makes payment by cheque in respect of any rental and the TENANT’s cheque is for any reason thereafter not met on presentation, then entirely without prejudice to the LANDLORD’s rights, the TENANT hereby authorises the LANDLORD to deduct the payment forthwith from any deposits held in terms of clause 1.5 above. 4.6 All charges for the use and consumption of electricity and water shall be borne by the TENANT. 4.7 No liability shall rest upon the LANDLORD for any interruption or failure of the electrical and/or water services to the PREMISES irrespective of the cause thereof, or for any consequential damage or inconvenience the TENANT may suffer by reason of such failure or interruption.
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RENTAL PAYABLE. 9.1. It is recorded that no rental will be payable for the first six (06) months as from date of occupation or signature hereof until the date upon which the refurbishments and or development of the Leased Premises has been completed in terms of the Agreement after the Commencement Date of this Lease, whichever may occur first. 9.2. The obligation for rental shall commence on the first day of the month following the exempted rental period as indicated in clause 9.1 above and after completion of the aforesaid, maintenance, development and refurbishments, or on the first date following the month in which the 06 (six) month period referred to above expires. 9.3. The rental payable for the initial 06 (six) month period, shall be amount to 9.4. Thereafter, from the 13th (thirteenth) Month to the 24th (twenty fourth (month) the rental shall remain at the amount to R25 000.00 (Twenty-Five Thousand Rand) per month whereafter the rental shall escalate annually at the rate of 10% with effect from the 25th (twenty fifth (month). 9.5. The rent payable shall be paid by the Lessee monthly and by no later than the 7th day of the following calendar month; 9.6. All amounts payable by the Lessee in terms of this lease shall be paid free of deduction to any bank account to which the Lessor may in writing direct or in such other manner the Lessor may in writing direct.
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RENTAL PAYABLE 
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Related to RENTAL PAYABLE

  • Rental Payment Licensee agrees to pay to LRPM as a license fee for the use of the parking space(s) granted under this Agreement, the sum listed above in one lump sum payment for each parking space. Payment shall be made payable to Legacy Realty & Property Management, LLC and is due at the time of submission of the signed agreement. Any agreement received is not considered complete unless payment is included.

  • Rental Payments ‌ (a) The Lessee agrees to pay rental for the Premises at a rate per year during the term of this Lease not to exceed Five Hundred Fifty Thousand Dollars ($550,000). Each such semi- annual installment, payable as hereinafter described, shall be based on the value of the Real Estate and Existing Improvements together with that portion of the New Improvements which are complete and ready for use and occupancy by the Lessee at the time such semi-annual installment is made. The first rental installment shall be due on June 30, 20 or December 31, 20 , as determined by the Lessor and the Lessee at the time the parties hereto endorse the Addendum to Lease in the form attached hereto as Exhibit B. Thereafter, such rental shall be payable in advance in semi-annual installments on June 30 and December 31 of each year. The last semi-annual rental payment due before the expiration of this Lease shall be adjusted to provide for rental at the yearly rate so specified from the date such installment is due to the date of the expiration of this Lease. All rentals payable under the terms of this Lease shall be paid by the Lessee to the trustee (the “Trustee”) under the trust indenture (the “Indenture”) securing the bonds to be issued by the Lessor to provide funds for the project on the Premises (such bonds, or bonds issued to refund such bonds, the “Bonds”). All payments so made by the Lessee shall be considered as payments to the Lessor of the rentals payable hereunder. (b) After the sale of the Bonds, the annual rental shall be reduced to an amount sufficient to pay principal and interest due in each twelve (12) month period commencing each year on January 15, payable in semi-annual installments, rounded to the next One Thousand Dollars, ($1,000) plus Five Thousand Dollars ($5,000). In addition, each such reduced semi- annual installment shall be based on the value of the Real Estate and the Existing Improvements together with that portion of the New Improvements which are complete and ready for use and occupancy by the Lessee at the time such semi-annual installment is made. Such amount of adjusted rental shall be endorsed on this Lease at the end hereof in the form of Exhibit B attached hereto by the parties hereto as soon as the same can be done after the sale of the Bonds, and such endorsement shall be recorded as an addendum to this Lease. (c) The fixed annual rentals described in this Section 2 (the “Fixed Annual Rentals”) and the additional rentals described in Section 3 (the “Additional Rentals”) shall be payable solely from the revenues of the tax levied by the Lessee pursuant to the Indiana Code § 36-1-10- 17 (the “Tax Revenues”). The Lessee may pay the Fixed Annual Rentals and the Additional Rentals or any other amounts due hereunder from any other revenues legally available to the Lessee; provided, however, the Lessee shall be under no obligation to pay any Fixed Annual Rentals or Additional Rentals or any other amounts due hereunder from any moneys or properties of the Lessee except the Tax Revenues received by the Lessee.

  • Rent Payments ▇▇▇▇▇▇ agrees to pay rent to the Landlord during the term of this Lease in equal monthly installments of $975, which shall be paid on or before the first day of the month. ▇▇▇▇▇▇ agrees that if rent is not paid in full on or before 1st day of the month, Tenant will pay a late charge of $97.50 as allowed by applicable Georgia law.The prorated rent from the commencement of this Lease to the first day of the following month is $975, which amount shall be paid at the execution of this Lease. ▇▇▇▇▇▇ agrees that rent shall be paid in lawful money of the United States via the ▇▇▇▇▇ Residents App. Rent payments shall be made payable to and mailed or delivered to the following address: P.O. Box 17942 Atlanta, GA 30316. All notices from Tenant to Landlord under this Lease and applicable Georgia law shall be delivered to the above address. ▇▇▇▇▇▇ agrees that rent will be deemed paid only once Landlord or Landlord’s agent receives the rent monies, either by mail or by delivery to the above address. If there are multiple Tenants signed to this Lease, all such Tenants are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. A judgment entered against one Tenant shall be no bar to an action against other Tenants.

  • Rent Payment Tenant shall pay the Base Rent for the Premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the Premises. Additional rent means amounts determined under Section 19 of this Lease and any other sums payable by Tenant to Landlord under this Lease. Rent not paid when due shall bear interest at the rate of one-and-one-half percent per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord’s rights hereunder.

  • Total Payment City shall pay for the services to be rendered by Consultant pursuant to this Agreement. City shall not pay any additional sum for any expense or cost whatsoever incurred by Consultant in rendering services pursuant to this Agreement. City shall make no payment for any extra, further, or additional service pursuant to this Agreement. In no event shall Consultant submit any invoice for an amount in excess of the maximum amount of compensation provided above either for a task or for the entire Agreement, unless the Agreement is modified prior to the submission of such an invoice by a properly executed change order or amendment.