RENTALS AND PAYMENTS Clause Samples

The 'Rentals and Payments' clause defines the obligations of the tenant to pay rent and any associated fees to the landlord under a lease agreement. It typically outlines the amount of rent due, the payment schedule (such as monthly or quarterly), acceptable payment methods, and any penalties for late payments. This clause ensures both parties are clear on the financial terms of the lease, helping to prevent disputes over payment and providing a framework for consistent, timely transactions.
RENTALS AND PAYMENTS. 4.1 The rental shall be payable monthly in advance on the last day of each month & will be charged pro-rata for the month of installation 4.2 All subsequent rentals shall be payable on or before the last working day of each following month and shall, unless the Hirer or cessionary/ies advises the User to the contrary in writing, be payable by means of a debit order. 4.3 All payments in terms of this contract, shall be made free of bank or other charges at the Hirer's address or at such other place as the Hirer or cessionary/ies may direct in writing. 4.4 The User undertakes to examine the Goods or cause same to be examined on or before delivery thereof and the Goods shall irrefutably be deemed to have been delivered in good condition and working order on User’s signature to a certificate of acceptance. 4.5 All payments owing in terms of this agreement, shall be made without demand and will not be subject to any set-off or counterclaim and shall be made without deduction of any nature.
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RENTALS AND PAYMENTS. 3.01 The Hirer shall throughout the Hire Period pay to the Owner, without demand, the rentals ("Rentals") in the amounts and at the times as set out in the Schedule. Rentals payable in advance shall not be returnable in the event of termination of the hiring of the Equipment for whatever reason. 3.02 All payments to be made by the Hirer to the Owner hereunder shall be made in immediately available funds on the due date (PROVIDED THAT if payment falls due on a day which is not a Working Day, payment shall be made on the preceding Working Day) and paid to the Owner as specified in the Schedule or as the Owner may from time to time direct. 3.03 All Rentals and other payments to be made under this Agreement are calculated without regard to VAT and the Hirer shall, in addition to such Rentals and other payments, pay to the Owner, on demand, such VAT as is required from time to time by law to be paid. 3.04 If any payment due from the Hirer to the Owner hereunder is not paid on the due date or if the Owner shall make any payment under the powers herein conferred on the Owner, the Hirer shall, without prejudice to the Owner's other rights and remedies, pay on demand interest thereon at the Overdue Rate (as well after as before judgement or decree) from and including such due date or the date of payment by the Owner, as the case may be, to the date of actual payment or reimbursement to the Owner. "Overdue Rate" means the rate of 5% per annum over Barclays Bank PLC Base Rate from time to time calculated on a daily basis and compounded quarterly.
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RENTALS AND PAYMENTS. 3.1 The Lessee shall throughout the Hire Period pay to the Lessor, without demand, the rentals in the amounts and at the times as set out in the Schedule (“Rental Payments”). Rental Payments payable in advance shall not be returnable in the event of termination of the leasing of the Products for whatever reason. 3.2 All payments to be made by the Lessee to the Lessor under the Lease shall be made in immediately available funds on the due date (PROVIDED THAT if payment falls due on a day which is not a Working Day, payment shall be made on the preceding Working Day) and paid to the Lessor as specified in the Schedule or as the Lessor may from time to time direct. 3.3 All Rental Payments and other payments to be made under this Agreement are calculated without regard to Value Added Tax (or any similar Tax replacing or introduced in addition to the same) (“VAT”) and the Lessee shall, in addition to such Rental Payments and other payments, pay to the Lessor, on demand, such VAT as is required from time to time by law to be paid. 3.4 If any payment due from the Lessee to the Lessor under this Agreement is not paid on the due date or if any Lessor shall make any payment under the powers herein conferred on the Lessor, the Lessee shall, without prejudice to the Lessor’s other rights and remedies, pay on demand interest thereon at the Overdue Rate (after as well as before judgment may be obtained) from and including such due date or the date of payment by the Lessor, as the case may be, to the date of actual payment or reimbursement to the Lessor. “Overdue Rate” means the rate of 2% per month calculated on a daily basis and compounded monthly.
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RENTALS AND PAYMENTS. A. During the term of the Lease, Lessee will pay to the City $4,000.00 each month in rent for the Lease. B. Lessee will pay the City each monthly rent payment by the first City business day of each month without City notice or billing at the City's Finance Department, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇, or to the department and address that the City specifies in writing from time-to-time. C. Any monthly rent payment not paid by the 15th day of the month due is delinquent and will include an additional monetary amount, as a penalty, equal to five percent of the rent due for that month. All rent payments more than 30 days past due accrue simple interest of 18 percent annually on the overdue amount, or the maximum amount allowed by law, whichever is greater.
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RENTALS AND PAYMENTS. A. Beginning on the Rent Commencement Date, Lessee will pay to the City $14,749.00 each month in rent for the Lease. Rent is based on a land lease rate of $0.50 (fifty cents) per square foot for 353,960 square feet of leased Premises. B. Beginning on the fifth anniversary of the Effective Date of this Lease and at the beginning of each subsequent five-year anniversary date, the amount of the monthly rent will increase by 10 percent. The adjusted monthly rent established for each subsequent five-year period, or portion thereof, of this Lease will be reduced to writing and attached to this Lease as Exhibit D. C. Lessee will pay the City each monthly rent payment by the first City business day of each month without City notice or billing at the City's Finance Department, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇, or to the department and address that the City specifies in writing from time-to-time. D. Any monthly rent payment not paid by the 15th day of the month due is delinquent and will include an additional monetary amount, as a penalty, equal to five percent of the rent due for that month. All rent payments more than 30 days past due accrue simple interest of eighteen percent annually on the overdue amount, or the maximum amount allowed by law, whichever is less.
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RENTALS AND PAYMENTS. A. For the first year of the Lease, Lessee will pay to the City $303.00 each October in rent for the Lease. Rent is based on a lease rate of $.10 per square foot per year for 3,028 square feet of leased Premises. B. Beginning on the fifth anniversary date of this Lease and at the beginning of each subsequent five-year anniversary date, the amount of the rent automatically increases by the percentage of change, if any, between the most recently published CPI and the CPI in effect on the anniversary date of the last rate change. (For example, for a Lease effective on September 1, 2009, the first adjustment in rent would go into effect on September 1, 2014. The adjustment would increase by the percentage that the CPI changed between September 1, 2009 and September 1, 2014. If there were a ten percent (10%) increase in the CPI during that five-year period, the rent would also increase by ten percent (10%). The adjusted rent established for each subsequent five-year term, or portion thereof, of this Lease will be reduced to writing and signed by each party’s representative. C. Lessee will pay the City each rent payment by the first City business day of October without City notice or billing at the City's Fiscal Services Department, P.O. Box 1000 Bryan, Texas 77805-1000, or to the department and address that the City specifies in writing from time-to-time. D. Any rent payment not paid by the 15th day of October is delinquent and will include an additional monetary amount, as a penalty, equal to 5% of the rent due. All rent payments more than thirty (30) days past due accrue simple interest of eighteen percent (18.0%) annually on the overdue amount, or the maximum amount allowed by law, whichever is greater.
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RENTALS AND PAYMENTS 
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