Common use of Charges for Late Payments and Returned Checks Clause in Contracts

Charges for Late Payments and Returned Checks. If Tenant Rent is not paid in full by the end of the fifth (5th) day of each month (not postmarked by then), Tenant shall owe a late charge of 10% of the unpaid Tenant Rent or 10 % of the remaining balance due and owed by Xxxxxx, whichever is less, effective on the sixth (6th) day of each month. This Lease may not be terminated for failure to pay late charges, but may be terminated for failure to pay Tenant Rent, as provided in paragraph 18 below. Tenant also shall pay a returned check fee upon the second or additional time a check is returned for insufficient funds or otherwise dishonored. The returned check charge shall not exceed any charges paid by Landlord as a result of the returned or dishonored check. This charge will be in addition to any late fee that may be due. Landlord shall also be entitled to any statutory damages or fees awarded by a court if the returned check is not satisfied. If any of Tenant’s checks are returned to Landlord for insufficient funds or dishonored, Landlord shall thereafter at any time have the option of requiring that all subsequent rent payments be made in cash, by cashier’s check, certified check or money order. The charges for late payments and returned checks as provided for in this paragraph 6 are in addition to the Tenant Rent. Charges assessed herein shall be due and collectible two (2) weeks after Xxxxxxxx gives written notice to Tenant, which notice shall constitute notice of adverse action.

Charges for Late Payments and Returned Checks. If Tenant Rent is not paid in full by within five (5) days after the end of the fifth (5th) day of each month (not postmarked by then)due date, Tenant shall owe a late charge of 10% of the unpaid Tenant Rent or 10 % of the remaining balance due and owed by Xxxxxx, whichever is lessfive dollars ($5), effective on the sixth (6th) day. Thereafter, Tenant shall pay one dollar ($1) for each additional day any part of each monththe Tenant Rent remains unpaid during the month it is due. This Lease may not be terminated for failure to pay late charges, but may be terminated for failure to pay Tenant Rent, as provided in paragraph Paragraph 18 below. Tenant shall also shall pay a returned check fee upon the second or additional time a check is returned for insufficient funds or otherwise dishonored. The returned check charge shall not exceed any charges paid by Landlord as a result of the returned or dishonored check. This charge will be in addition to any late fee that may be due. Landlord shall also be entitled to any statutory damages or fees awarded by a court if the returned check is not satisfied. If any of Tenant’s checks are returned to Landlord for insufficient funds or dishonored, Landlord shall thereafter at any time have the option of requiring that all subsequent rent payments be made in cash, by cashier’s check, certified check check, or money order. The charges for late payments and returned checks as provided for in this paragraph 6 are in addition to the Tenant Rent. Charges assessed herein shall be due and collectible two (2) weeks after Xxxxxxxx Landlord gives written notice to Tenant, which notice shall constitute notice of adverse action.

Charges for Late Payments and Returned Checks. If Tenant Rent is not paid in full by the end of the fifth (5th) day of each month (not postmarked by then), Tenant shall owe a late charge of 10% of the unpaid Tenant Rent or 10 % of the remaining balance due and owed by XxxxxxTenant, whichever is less, effective on the sixth (6th) day of each month. This Lease may not be terminated for failure to pay late charges, but may be terminated for failure to pay Tenant Rent, as provided in paragraph 18 below. Tenant also shall pay a returned check fee upon the second or additional time a check is returned for insufficient funds or otherwise dishonored. The returned check charge shall not exceed any charges paid by Landlord as a result of the returned or dishonored check. This charge will be in addition to any late fee that may be due. Landlord shall also be entitled to any statutory damages or fees awarded by a court if the returned check is not satisfied. If any of Tenant’s checks are returned to Landlord for insufficient funds or dishonored, Landlord shall thereafter at any time have the option of requiring that all subsequent rent payments be made in cash, by cashier’s check, certified check or money order. The charges for late payments and returned checks as provided for in this paragraph 6 are in addition to the Tenant Rent. Charges assessed herein shall be due and collectible two (2) weeks after Xxxxxxxx Landlord gives written notice to Tenant, which notice shall constitute notice of adverse action.

Charges for Late Payments and Returned Checks. If Tenant Rent is not paid in full by the end of the fifth (5th) day of each month (not postmarked by then), Tenant shall owe a late charge of 10% of the unpaid Tenant Rent or 10 % of the remaining balance due and owed by Xxxxxx, whichever is lessseventy-five dollars ($35), effective on the sixth (6th) day of each month. This Lease may not be terminated for failure to pay late charges, but may be terminated for failure to pay Tenant Rent, as provided in paragraph 18 below. Tenant also shall pay a returned check fee upon the second or additional time a check is returned for insufficient funds or otherwise dishonored. The returned check charge shall not exceed any charges paid by Landlord as a result of the returned or dishonored check. This charge will be in addition to any late fee that may be due. Landlord shall also be entitled to any statutory damages or fees awarded by a court if the returned check is not satisfied. If any of Tenant’s checks are returned to Landlord for insufficient funds or dishonored, Landlord shall thereafter at any time have the option of requiring that all subsequent rent payments be made in cash, by cashier’s check, certified check check, or money order. The charges for late payments and returned checks as provided for in this paragraph 6 are in addition to the Tenant Rent. Charges assessed herein shall be due and collectible two (2) weeks after Xxxxxxxx Landlord gives written notice to Tenant, which notice shall constitute notice of adverse action.