Common use of Late Charges and Fees Clause in Contracts

Late Charges and Fees. Rent shall be paid to Landlord within five (5) business days of the date due. All past due payments shall bear interest from the date due until paid at the rate of one percent (1%) per month. Landlord may charge Tenant a fee of Forty Dollars ($40.00) for any check delivered by Tenant which is returned for insufficient funds or is otherwise not cleared by Landlord’s bank, to reimburse Landlord for its administrative costs and inconvenience incurred as a consequence of the failure of Lessee’s check to clear.

Late Charges and Fees. Rent shall be paid to Landlord within five (5) business days of the date due. All past due payments shall bear interest from the date due until paid at the rate of one percent (1%) per month. Landlord may charge Tenant a fee of Forty Dollars ($40.00) for any check delivered by Tenant which is returned for insufficient funds or is otherwise not cleared by Landlord’s bank, to reimburse Landlord for its administrative costs and inconvenience incurred as a consequence of the failure of LesseeXxxxxx’s check to clear.

Late Charges and Fees. Rent shall be paid to Landlord within five (5) business days of the date due. All past due payments shall bear interest from the date due until paid at the rate of one percent (1%) per month. Landlord may charge Tenant a fee of Forty Dollars ($40.00) for any check delivered by Tenant which is returned for insufficient funds or is otherwise not cleared by LandlordXxxxxxxx’s bank, to reimburse Landlord for its administrative costs and inconvenience incurred as a consequence of the failure of LesseeXxxxxx’s check to clear.