Common use of Default Period Clause in Contracts

Default Period. In a case where the Lessee neglected to send the rent payment for a number of days, the Lessor will have the right to assess a penalty amount. Register the number of days after the missed expiration date the Lessor will have to wait before adding a penalty amount due to the original rent amount Lessee owns. (25) Pen of non-payment. The payment of the penalty that Lessor will add to the amount of the unpaid rent in default should be identified in this lease. This can be set to be calculated as a percentage of each year which is added for each day the rent is late or as a flat fee charged for each day the rent is late selecting the appropriate statement of the checkbox then documenting both the percentage rate that the Lessor will use or the dollar amount to flat payment. Only one of these statements can be applied and considered valid if the requested information is submitted. 18. Various terms (26) Municipality of government. The neighborhood, the city, or the county whose statutes determine whether advertisements are appropriate or not on this property must be established in this documentation. 22. Government law (27) State. Report the name of the state in which the rental property is physically located. 23. Notices (28)

Default Period. In a case where the Lessee neglected to send the rent payment for a number of days, the Lessor will have the right to assess a penalty amount. Register the number of days after the missed expiration date the Lessor will have to wait before adding a penalty amount due to the original rent amount Lessee Xxxxxx owns. (25) Pen of non-non- payment. The payment of the penalty that Lessor will add to the amount of the unpaid rent in default should be identified in this lease. This can be set to be calculated as a percentage of each year which is added for each day the rent is late isdelay or as a flat fee charged for each day the rent is late selecting the appropriate statement of the checkbox then documenting both the percentage rate that the Lessor will use or the dollar amount to of the flat paymentpayment dollar. Only one of these statements can be applied and considered valid if the requested information is submitted. 18is18. Various terms (26) Municipality of government. The neighborhood, the city, or the county whose statutes determine whether advertisements are appropriate or not on this property must be established in this documentation. 22. Government law (27) State. Report the name of the state in which the rental property is physically located. 23. Notices (28)

Default Period. In a case where the Lessee neglected to send the rent payment for a number of days, the Lessor will have the right be entitled to assess a penalty amount. Register the number of days after the missed expiration date the Lessor will have to wait before adding a penalty amount due to the original rent amount Lessee owns. (25) Pen of non-payment. The payment of the penalty that Lessor will add to the amount of the unpaid rent in default should be identified in this lease. This can be set to be calculated as a percentage of each year which is added for each day the rent is late or as a flat fee charged for each per day the rent is late selecting the appropriate checkbox statement of the checkbox then documenting both xxxxxx the percentage rate that the Lessor will use or the dollar amount to of the flat paymentpayment dollar. Only one of these statements can be applied and considered valid if the requested information is submitted. 18. Various terms (26) Municipality of government. The neighborhood, the city, or the county whose statutes determine whether advertisements are appropriate or not on this property must be established in this documentation. 22. Law of Government law (27) State. Report the name of the state in which the rental property is physically located. 23. Notices (28)

Default Period. In a case where the Lessee neglected to send the rent payment for a number of days, the Lessor will have the right be entitled to assess a penalty amount. Register the number of days after the missed expiration date the Lessor will have to wait before adding a penalty amount due to the original rent amount Lessee owns. (25) Pen of non-payment. The payment of the penalty that Lessor will add to the amount of the unpaid rent in default should be identified in bein this lease. This can be set to be calculated as a percentage of each a year which is added for each day the rent is late or as a flat fee charged for each day the rent is late selecting the appropriate statement of the checkbox then documenting both the percentage rate that the Lessor will use or the dollar amount to flat paymentof the flat-paying dollar. Only one of these statements can be applied and considered valid if the requested information is submitted. 18. Various terms (26) Municipality of government. The neighborhood, the city, or the county whose statutes determine whether advertisements are appropriate or not on this property must be established in this documentation. 22. Law of Government law (27) State. Report the name of the state in which the rental property is physically located. 23. Notices (28)