• December 28, 2016

Rent Auto-Deduct Language

Rent Auto-Deduct Language

Notwithstanding anything to the contrary contained in this Lease, Tenant hereby agrees to execute simultaneous with their execution of this Lease, the authorization form annexed hereto as Exhibit “C” (the “Authorization”). The Authorization authorizes Landlord and/or their managing agent to assess charges to the Tenant’s Account for Rent and Additional Rent as described below. The Authorization authorizes Landlord and/or their managing agent to assess successive charges to the Account on a periodic basis while this Authorization is in effect, in which case the amount assessed for a particular period shall be the amount invoiced for that period. The automatic debit of your account will be processed in accordance with the payment terms of this Lease. All Account information provided to Landlord by the Tenant is confidential and will not be used for any reason other than in connection with the assessment of charges to Tenant’s Account as set forth herein and the Authorization. TENANT ACKNOWLEDGES AND AGREES THAT THE FOREGOING IS A MATERIAL INDUCEMENT FOR LANDLORD TO ENTER INTO THIS LEASE, AND BUT FOR SAID COVENANT, LANDLORD WOULD NOT HAVE EXECUTED THIS LEASE AGREEMENT.

Exhibit “C”

This authorization form (the “Authorization”) authorizes Landlord or their managing agent (“Landlord”) to assess charges to the Tenant’s Account as described below. This form authorizes Landlord to assess successive charges to the Account on a periodic basis while this Authorization is in effect, in which case the amount assessed for a particular period shall be the amount invoiced for that period. The automatic debit of your account will be processed in accordance with the payment terms of your Lease Agreement. All Account information provided to Landlord by the Tenant is confidential and will not be used for any reason other than in connection with the assessment of charges to Tenant’s Account as set forth in this Authorization. This Authorization is provided to Landlord in connection with the Lease (the “Agreement”) in effect between Landlord and Louis J. Cool (the “Tenant”).
Automatic Payment Information: Please provide the information requested below.

I (or We), _________________________________________
Louis J. Cool

hereby authorize Landlord to debit Tenant’s Account as specified below.

Address: ____________________________________________
(Please print Tenant’s address)
Tenant’s Account Number: _________________________________
(Please print Tenant’s account number)

Successive Periodic Charges: Does Tenant authorize Landlord to assess successive periodic charges to Tenant’s Account while this Authorization is in effect? Please mark the appropriate line and supply any required information.

YES, Tenant authorizes Landlord to assess successive debits per the payment schedule set forth in the Agreement to Tenant’s account while this Authorization is in effect, as well as for any Additional Rent charges as defined in the Lease.

If YES, Landlord will notify Tenant on a monthly, quarterly or annual basis, as applicable, after such periodic charges have been assessed. The amount assessed for a particular month, quarter or year shall be the amount invoiced for that month, quarter or year, as applicable. This Authorization shall be in effect for as long as any Lease between Tenant and Landlord is (or are) in effect.

AUTHORIZED AND ACCEPTED BY:

TENANT:

SIGNATURE: _______________________________________
Louis J. Cool
DATE: __________________________________________

DATE: __________________________________________

BANK ACCOUNT #: ______________________________

ABA #:________________________________________

BANK: ______________________________

IMPORTANT!!!
PLEASE REMEMBER TO INCLUDE A COPY OF A VOIDED CHECK ALONG WITH THIS FAX
PLEASE FAX THIS FORM ALONG TO LANDLORD.

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