Common use of Discounted Rent Clause in Contracts

Discounted Rent. If Landlord receives payment on time and in one check, Tenant will be granted a $400 discount per each full four-month payment period. The discount is meant to encourage prompt payment of rent. Late rent may subject the Tenant to eviction proceedings and liability for damages.

Discounted Rent. If Landlord receives payment on time and in one check, Tenant will be granted a $400 discount discount. per each full four-month payment period. The discount is meant to encourage prompt payment of rent. Late rent may subject the Tenant to eviction proceedings and liability for damages.