Rental Agreement Clause Details

Summary

Drafting a rental agreement clause requires clear specification of fees and payment terms. The clause should include the daily rental rate, which encompasses the storage fee, handling fee, and any additional expenses. Handling fees should cover services like loading and unloading, while additional expenses are reimbursed by the Sublessee. Invoices should be delivered promptly, and payments should be made to the designated bank account within three days of receipt. Ensure all terms are clearly defined to avoid misunderstandings.

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Please advice special Legal clause of fee and payment for the below condition; FEES AND PAYMENT Rental Fee "The Sublessee agrees to pay a daily rental rate of USD *,* as a rental fee which includes the storage fee, handling fee, and additional expenses incurred by the Sublessor. The handling fee covers services such as loading and unloading. Additional expenses are costs reimbursed by the Sublessee." Invoices and Payment Sublessor shall deliver invoices to Sublessee for the charged as applicable. Sublessee shall remit payments to Sublessor's designated bank account within three (*) days of receiving the invoice.
Here’s a revised clause for your rental agreement:
FEES AND PAYMENT
Rental Fee
"The Sublessee agrees to pay a daily rental rate of USD *,*, which includes the storage fee, handling fee, and additional expenses incurred by the Sublessor. The handling fee covers services such as loading and unloading. Additional expenses are costs reimbursed by the Sublessee."
Invoices and Payment
"The Sublessor shall deliver invoices to the Sublessee for the charges. The Sublessee shall remit payments to the Sublessor's designated bank account within three (*) days of receiving the invoice."
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