Common use of ADDITIONAL RENTAL CHARGES Clause in Contracts

ADDITIONAL RENTAL CHARGES. Rent is delinquent on the day immediately following the Due Date. If rent is not received by Owner in full on or before the Due Date (whether due to nonpayment, partial payment, returned check, or other cause), Owner may subsequently, at its sole discretion, determine the applicability of and charge Occupant (and Occupant agrees to pay Owner) as additional rent, the following one-time, non-refundable administrative charges (Owner’s best estimate of its losses incurred as a result of Occupant’s failure to perform):

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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