During the Primary Term, Sub Lessee Shall Pay to Sub Lessor, as Rental, the Sum of Form

What is the During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of

The phrase "During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of" refers to a specific clause typically found in sublease agreements. This clause outlines the financial obligation of the sub lessee to the sub lessor during the primary term of the lease. The primary term is the initial period of the lease agreement, and the rental sum is the amount agreed upon for the use of the property. This clause is crucial as it establishes the payment structure and ensures that both parties are clear on their financial commitments.

Steps to complete the During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of

Completing the "During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of" clause involves several key steps:

1. Review the original lease agreement to understand the terms of the primary lease.
2. Determine the rental amount that the sub lessee will pay to the sub lessor.
3. Clearly specify the payment schedule, including due dates and acceptable payment methods.
4. Ensure that both parties agree on the terms and sign the sublease agreement electronically for legal validity.

Following these steps helps to ensure clarity and compliance with the lease terms.

Legal use of the During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of

The legal use of the "During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of" clause is essential in establishing enforceable agreements between parties. For this clause to be legally binding, it must comply with local laws governing lease agreements. This includes ensuring that the rental amount is reasonable and that both parties have the legal capacity to enter into the agreement. Furthermore, the clause should be included in a written document, signed by both parties, to avoid disputes and provide a clear record of the terms agreed upon.

Key elements of the During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of

Several key elements are critical in the "During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of" clause:

• Amount: The specific rental sum that the sub lessee agrees to pay.
• Payment Schedule: Details regarding when payments are due, such as monthly or quarterly.
• Payment Method: Accepted forms of payment, such as checks, bank transfers, or electronic payments.
• Consequences of Non-Payment: Any penalties or actions that may occur if payments are missed.

Including these elements ensures that both parties have a clear understanding of their financial responsibilities.

Examples of using the During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of

Examples of the "During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of" clause can help clarify its application:

• A sublease agreement may state: "During The Primary Term, Sub Lessee Shall Pay To Sub Lessor, As Rental, The Sum Of one thousand dollars per month."
• Another example could include: "The rental payment of five hundred dollars is due on the first of each month during the primary term."

These examples illustrate how the clause can be tailored to fit specific agreements while maintaining clarity on financial obligations.