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

Appears in 8 contracts

Samples: Employee Lease Agreement, Month to Month Rental Agreement, Month to Month Rental Agreement

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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 FundsFunds (15)

Appears in 4 contracts

Samples: Month to Month Rental Agreement, Month to Month Rental Agreement, Month to Month Rental Agreement

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.

Appears in 2 contracts

Samples: Room Rental Agreement, Room Rental Agreement

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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.

Appears in 2 contracts

Samples: Monthly Rental Agreement, Month to Month Lease Agreement

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