Common use of Interest Penalty for Past-Due Rent and Other Sums Owed Clause in Contracts

Interest Penalty for Past-Due Rent and Other Sums Owed. (a) Tenant shall pay interest on the past due rent at the rate of one percent (1%) per month until paid, in addition to paying the late charges determined under Paragraph 6.2. Rent not paid by the close of business on the due date will begin accruing interest the day after the due date.

Appears in 5 contracts

Samples: www.portofillahee.com, mccmeetingspublic.blob.core.usgovcloudapi.net, meetings.portseattle.org

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Interest Penalty for Past-Due Rent and Other Sums Owed. (a1) Tenant Interest on all past-due sums shall pay interest on the past due rent be charged at the rate of one percent (1%) per month until paid, in addition to paying the late charges determined under Paragraph 6.2. Rent not paid by the close of business on the due date will begin accruing interest the day after the due date.

Appears in 1 contract

Samples: Communication Site Land Lease With Utilities

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