Common use of Default Due To Nonpayment Clause in Contracts

Default Due To Nonpayment. If the rent remains unpaid for a significant amount of time, it may become apparent that the Tenant will not gain the funds to satisfy the payment or has no intention of submitting payment. In either case, the final calendar date of the month that the Landlord will assume the Tenant still intends to satisfy the rent debt should be documented. If this calendar day of the month passes without any payment from the Tenant, the Landlord will be entitled to seek further action. Insufficient Funds (15)

Default Due To Nonpayment. If the rent remains unpaid for a significant amount of time, it may become apparent that the Tenant will not gain the funds to satisfy the payment or has no intention of submitting payment. In either case, the final calendar date of the month that the Landlord will assume the Tenant still intends to satisfy the rent debt should be documented. If this calendar day of the month passes without any payment from the Tenant, the Landlord will be entitled to seek further action. Insufficient Funds (15).

Default Due To Nonpayment. If the rent remains unpaid for a significant amount of time, it may become apparent that the Tenant will not gain the funds to satisfy the payment or has no intention of submitting payment. In either case, the final calendar date of the month that the Landlord will assume the Tenant still intends to satisfy the rent debt should be documented. If this calendar day of the month passes without any payment from the Tenant, the Landlord will be entitled to seek further action. Insufficient Funds (15).