Common use of Credit/Debit Card Authorization for Payment of Rent and Other Charges Clause in Contracts

Credit/Debit Card Authorization for Payment of Rent and Other Charges. If Occupant has provided credit card information to Owner then, Occupant has authorized Owner to automatically charge or debit the credit/debit card, (which is owned by the Occupant or upon which Occupant has authority to charge) on the First Day of each month, or as soon as reasonably practicable thereafter, the amount stated in the Terms and Conditions as Rent and Additional Rent, for each and every month Occupant continues to occupy the Leased Space. This authorization shall continue and include any increases in Rent and other charges assessed to the Occupant. In any circumstance, in the event Occupant terminates this authorization or the Rental Agreement owing any Rent, Additional Rent, or other charges due to Owner, Owner may charge the credit card account listed any sum due and owing upon termination including, but not exclusively, damages to the Leased Space or Facility, any default charges, clean up charges, and disposal charges. The authorization to charge Rent or other charges shall survive if any sums are due and owing at the time of the termination of the charge/debit authorization or the termination of the Rental Agreement. Payment by credit card to cure a Rent delinquency in excess of Thirty-one (31) days can only occur if Occupant presents a credit card in Occupant's own name, in person, and if owned by someone other than Occupant, then the card owner must be present in person, to process the transaction. No credit card payments are accepted once Occupant is Sixty-one (61) or more days delinquent. It is Occupant's responsibility to notify Owner of any new or updated account information if the credit card information changes (including updating an expiration date on a credit card.) Occupant shall be charged late fees and other default charges if the credit card payment is not approved by Occupant's bank/credit card provider for any reason.

Credit/Debit Card Authorization for Payment of Rent and Other Charges. If Occupant has provided credit card information to Owner Operator then, Occupant has authorized Owner Operator to automatically charge or debit the credit/debit card, card (which is owned by the Occupant or upon which Occupant has authority to charge) on the First Day of each month, or as soon as reasonably practicable thereafter, the amount stated in the Terms and Conditions as Rent and Additional Rent, for each and every month Occupant continues to occupy the Leased Space. This authorization shall continue and include any increases in Rent and other charges assessed to the Occupant. In any circumstance, in the event Occupant terminates this authorization or the Rental Agreement owing any Rent, Additional Rent, or other charges due to OwnerOperator, Owner Operator may charge the credit card account listed any sum due and owing upon termination including, but not exclusively, damages to the Leased Space or Facility, any default charges, clean up charges, and disposal charges. The authorization to charge Rent or other charges shall survive if any sums are due and owing at the time of the termination of the charge/debit authorization or the termination of the Rental Agreement. Payment by credit card to cure a Rent delinquency in excess of Thirty-one (31) days can only occur if Occupant presents a credit card in Occupant's own name, in person, and if owned by someone other than Occupant, then the card owner Operator must be present in person, to process the transaction. No credit card payments are accepted once Occupant is Sixty-one (61) or more days delinquent. It is Occupant's responsibility to notify Owner Operator of any new or updated account information if the credit card information changes (including updating an expiration date on a credit card.) Occupant shall be charged late fees and other default charges if the credit card payment is not approved by Occupant's bank/credit card provider for any reason.