Due Date and Payment Procedures Clause Samples
The "Due Date and Payment Procedures" clause establishes when payments are required and outlines the steps for making those payments. It typically specifies the exact date or timeframe by which payment must be received, the acceptable methods of payment, and any necessary details such as invoicing requirements or late payment penalties. This clause ensures both parties are clear on their financial obligations and helps prevent disputes or delays by providing a structured process for handling payments.
Due Date and Payment Procedures. The water service ▇▇▇▇ is due on the 1st day of each and every month, beginning on <<prleasefrom>>. The ▇▇▇▇ must be paid to the person specified, and using one of the payment methods (e.g., check, money order) required, for the payment of rent under the Rental/Lease Agreement. The ▇▇▇▇ will be sent to Resident by YES Energy Management, a third-party billing provider. Resident acknowledges that the billing provider is not a public utility. Landlord reserves the right to change the third-party billing provider at any time. Any disputes related to the computation of Resident’s bills will be between the Resident and the Landlord. Resident must make payment in full to Landlord or the utility billing company of the utility charges prior to the due date listed on each ▇▇▇▇. Landlord and Resident agree that the actual cost to Landlord and/or utility billing company when Resident fails to pay the utility ▇▇▇▇ on time is difficult or impossible to ascertain, but the parties agree that Landlord and/or utility billing company does, in the event of a late payment, incur certain costs, such as additional bookkeeping and administrative charges, additional charges from the billing provider, costs in printing and mailing late notices, lost opportunity costs of the payment, etc. Failure to pay any of said charges shall be considered a material breach of the lease agreement and Landlord shall have the right to commence legal proceedings against Resident and all occupants including but not limited to an unlawful detainer action to recover possession of the premises. Upon termination or expiration of the lease agreement, unpaid bills may be deducted from Resident’s security deposit, and for such purpose Landlord and Resident agree that the charges described in this addendum are considered additional rent. Upon a Resident’s request, Landlord shall provide a copy of Landlord’s utility bills along with all utility bills sent to residents. Landlord may estimate usage in the event that submeter reads cannot be obtained.
Due Date and Payment Procedures. The water, sewer and domestic hot water service bill is due on the 1st day of each and every month, beginning on <<prleasefrom>>. The bill must be paid to the person specified, and using one of the payment methods (e.g., check, money order) required, for the payment of rent under the Rental/Lease Agreement. The bill will be sent to Resident by YES Energy Management, a third-party billing provider. Resident acknowledges that the billing provider is not a public utility. Landlord reserves the right to change the third-party billing provider at any time. Any disputes related to the computation of Resident’s bills will be between the Resident and the Landlord. Resident must make payment in full to Landlord or the utility billing company of the utility charges prior to the due date listed on each bill. Landlord and Resident agree that the actual cost to Landlord and/or utility billing company when Resident fails to pay the utility bill on time is difficult or impossible to ascertain, but the parties agree that Landlord and/or utility billing company does, in the event of a late payment, incur certain costs, such as additional bookkeeping and administrative charges, additional charges from the billing provider, costs in printing and mailing late notices, lost opportunity costs of the payment, etc. Failure to pay any of said charges shall be considered a material breach of the lease agreement and Landlord shall have the right to commence legal proceedings against Resident and all occupants including but not limited to an unlawful detainer action to recover possession of the rental unit. Upon termination or expiration of the lease agreement, unpaid bills may be deducted from Resident’s security deposit, and for such purpose Landlord and Resident agree that the charges described in this addendum are considered additional rent. Upon a Resident’s request, Landlord shall provide a copy of Landlord’s utility bills along with all utility bills sent to residents. Landlord may estimate usage in the event that submeter reads cannot be obtained.