Common use of Interest on Unpaid Rent Clause in Contracts

Interest on Unpaid Rent. In addition to the Late Charge as provided in Section 5(b), Rent not paid when due shall bear interest from the date due until paid at the rate of eighteen percent (18%) per year, or the maximum legal rate of interest, whichever is less.

Interest on Unpaid Rent. In addition to the Late Charge as provided in Section 5(b)5.3, Rent not paid when due shall bear interest from the date due until paid at the rate of eighteen twelve percent (1812%) per year, or the maximum legal rate of interest, whichever is less.

Interest on Unpaid Rent. In addition to the Late Charge as provided in Section 5(b), Rent not paid when due shall bear interest from the date due until paid at the rate of eighteen fifteen percent (1815%) per year, or the maximum legal rate of interest, whichever is less.