Common use of Late Fees/Return Check Fees Clause in Contracts

Late Fees/Return Check Fees. The Tenant shall be charged a late charge for all rent not paid in accordance with the terms and conditions of this lease. Late charges shall be in the amount of $50.00 per delinquent payment. Said late charges will be in addition to the usual monthly rental and will apply if rent is unpaid by the 5th day of each month. There will be a returned check fee and/or ACH Bounce Fee of $50.00. ACH Bounce fees are incurred for insufficient funds or providing incorrect bank account information, please double check the information you provide for your ACH.