Common use of Type of Transaction Clause in Contracts

Type of Transaction. This is a Rental Transaction. You may use the property for the term of the lease. At your option, you may renew this lease. To do this, you must make a rental payment in advance for each term you wish to rent the property. The rental rates are shown above. Time is of the essence. There are no grace periods.

Appears in 2 contracts

Sources: Rental Agreement, Rental Agreement