What are usually the terms of payment? | ScriptaLegal
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Frequently asked questions > Commercial lease > Writing of the lease > What are usually the terms of payment?

What are usually the terms of payment?

When signing the offer to lease, the lessor, for a non-residential building or premises, usually asks for the first and last rent as security. Rent is usually paid in monthly installments. Payment methods may include the following:

  • the tenant remits his cheque monthly to the landlord;
  • the tenant gives a series of post-dated cheques, writing "non-negotiable" on the face of the cheque to ensure that the landlord will not discount the cheques in advance;
  • pre-authorized withdrawals from the tenant's bank account.
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