Common use of LATE FEES AND OTHER CHARGES Clause in Contracts

LATE FEES AND OTHER CHARGES. Occupant agrees to pay Owner the late fee indicated above if rent is received five (5) or more days after the due date. Occupant will pay Owner the indicated fee for each letter sent to Occupant notifying Occupant of the default. Occupant agrees to pay Owner the indicated “Bad Check Charge” plus all bank charges for any dishonored check. These fees are considered additional rent and are to compensate Owner for labor and other costs of collection. In the event of default, Occupant agrees to pay all collection and lien costs incurred by Owner. CROSS COLLATERATION OF SPACES: When Occupant rents more than one space at this facility the rent is secured by the property in all the spaces rented. Failure by Occupant to pay on any space shall be considered a default on all spaces rented. Owner may exercise all remedies including denial of access to the facility and sale of the property if all rent on all spaces is not paid when due.

LATE FEES AND OTHER CHARGES. Occupant Xxxxxxxx agrees to pay Owner the late fee indicated above if rent is received five (5) or more days after the due date. Occupant will pay Owner the indicated fee for each letter sent to Occupant notifying Occupant of the default. Occupant agrees to pay Owner the indicated “Bad Check Charge” plus all bank charges for any dishonored check. These fees are considered additional rent and are to compensate Owner for labor and other costs of collection. In the event of default, Occupant Xxxxxxxx agrees to pay all collection and lien costs incurred by Owner. CROSS COLLATERATION OF SPACES: When Occupant rents more than one space at this facility the rent is secured by the property in all the spaces rented. Failure by Occupant to pay on any space shall be considered a default on all spaces rented. Owner may exercise all remedies including denial of access to the facility and sale of the property if all rent on all spaces is not paid when due.