Common use of Insufficient Funds, Late Fees and Lockouts Clause in Contracts

Insufficient Funds, Late Fees and Lockouts. An Administration fee of $75.00 per instance will apply to any charges made by Blue Sky under this Rental Agreement that are rejected due to non-sufficient funds (“NSF:) or any other cause, including but not limited to over limit, incorrect expiry date, or cancelled or suspended credit card account, as well as double locking of a Unit (see below). In addition to NSF charges, late charges shall be applied if fees are paid after a payment due date. Late fees will accrue at a rate of $65 per week per Unit, regardless of Unit size or storage arrangement. The Customer authorizes Blue Sky to charge the Customer’s credit card on file for any rent or fees due if Customer is delinquent for more than THREE (3) days, even if Customer has selected and Blue Sky has agreed to accept another method of payment. If rental fees remain unpaid for one (1) full Billing Cycle, an additional late fee of $100.00 will be applied to the Customer account, and Blue Sky reserves the right to lockout the Customer from the Unit and/or Blue Sky facility, and to retrieve the Unit and return it to Blue Sky’s facility (in the case of portable storage) until payment is received in full. After two (2) full cycles of delinquency, the Unit will be assessed for public auction of its contents without notice to the Customer (see Liens below). The Customer acknowledges that the provisions of the Repair and Storage Liens Act apply to this agreement and that Blue Sky may assert a lien on the items stored by the Customer in the event of default by the Customer.

Insufficient Funds, Late Fees and Lockouts. An Administration fee of $75.00 per instance will apply to any charges made by Blue Sky under this Rental Agreement that are rejected due to non-sufficient funds (“NSF:) or any other cause, including but not limited to over limit, incorrect expiry date, or cancelled or suspended credit card account, as well as double locking of a Unit (see below). In addition to NSF charges, late charges shall be applied if fees are paid after a payment due date. Late fees will accrue at a rate of $65 per week per Unit, regardless of Unit size or storage arrangement. The Customer authorizes Blue Sky to charge the Customer’s credit card on file for any rent or fees due if Customer is delinquent for more than THREE (3) days, even if Customer has selected and Blue Sky has agreed to accept another method of payment. If rental fees remain unpaid for one (1) full Billing Cycle, an additional late fee of $100.00 will be applied to the Customer account, and Blue Sky reserves the right to lockout the Customer from the Unit and/or Blue Sky facility, and to retrieve the Unit and return it to Blue Sky’s facility (in the case of portable storage) until payment is received in full. After two (2) full cycles of delinquency, the Unit will be assessed for public auction of its contents without notice to the Customer (see Liens below). The Customer acknowledges that the provisions of the Repair and Storage Liens Act apply to this agreement and that Blue Sky may assert a lien on the items stored by the Customer in the event of default by the Customer.