Common use of Late Payment and other Charges Clause in Contracts

Late Payment and other Charges. a. Resident agrees to pay a late charge of $23 if Resident’s payment is not received in the Central Cashier’s Office by the payment due date. The Resident and the University agree that University will sustain damage resulting from any late payment, including but not limited to added accounting, administrative, and management expenses and costs, and that it will be impracticable and extremely difficult to specify the actual amount of such damage. The parties agree that this late payment charge represents a fair and reasonable estimate of damages that University will incur by reason of the late payment, and such charges are accepted as the amount of liquidated damages. Resident bears the risk of loss or delay of any payment made by mail. This late charge, which shall be considered to be “additional rent,” does not establish a grace period; the University may serve a Three-Day Notice to Pay Rent or Quit if rent is not paid on its due date. b. Resident shall pay a one-time $20 activity fee which is required regardless of the effective date of the Contract. c. If Resident chooses to have a monthly or quarterly installment payment plan, Resident shall also pay a one-time $30 administrative charge for xxxxxxxx. d. If Resident passes a check or e-check of insufficient funds, Resident agrees to pay the University for the amount of the check or e-check plus a service charge of $35. The University may refuse a personal check as the form of room and board payment to cure a Three-Day Notice to Pay Rent or Quit. e. Keys are given to Resident upon move-in. It is a breach of Contract to duplicate University keys, and violators will be subject to disciplinary action. Additional locks or deadbolts are not to be installed by Resident. In the event of lost, stolen, or misplaced keys, and/or damaged locks, Resident agrees to pay $120 for a non-electronic key to the front/main door, $10 for non-electronic key to the bedroom, mailbox, or any other issued key, and $450 for repair and/or replacement of an electronic lock caused by intentionally tampering or damaging an electronic lock.

Late Payment and other Charges. a. Resident agrees to pay a late charge of $23 20 if Resident’s payment is not received in the Central Cashier’s Office by the payment due date. The Resident and the University agree that University will sustain damage resulting from any late payment, including but not limited to added accounting, administrative, and management expenses and costs, and that it will be impracticable and extremely difficult to specify the actual amount of such damage. The parties agree that this late payment charge represents a fair and reasonable estimate of damages that University will incur by reason of the late payment, and such charges are accepted as the amount of liquidated damages. Resident bears the risk of loss or delay of any payment made by mail. This late charge, which shall be considered to be “additional rent,” does not establish a grace period; the University may serve a Three-Day Notice to Pay Rent or Quit if rent is not paid on its due date. b. Resident shall pay a one-time $20 activity fee which is required regardless of the effective date of the Contract. c. If Resident chooses to have a monthly or quarterly installment payment plan, Resident shall also pay a one-time $30 administrative charge for xxxxxxxx. d. If Resident passes a check or e-check of insufficient funds, Resident agrees to pay the University for the amount of the check or e-e- check plus a service charge of $35. The University may refuse a personal check as the form of room and board payment to cure a Three-Day Notice to Pay Rent or Quit. e. c. Keys are given to Resident upon move-in. It is a breach of Contract to duplicate University keys, and violators will be subject to disciplinary action. Additional locks or deadbolts are not to be installed by Resident. In the event of lost, stolen, or misplaced keys, and/or damaged locks, Resident agrees to pay $120 for a non-electronic key to the front/main door, $10 for non-electronic key to the bedroom, mailbox, or any other issued key, and $450 for repair and/or replacement of an electronic lock caused by intentionally tampering or damaging an electronic lock.

Late Payment and other Charges. a. Resident agrees to pay a late charge of $23 20 if Resident’s payment is not received in the Central Cashier’s Office by the payment due date. The Resident and the University agree that University will sustain damage resulting from any late payment, including but not limited to added accounting, administrative, and management expenses and costs, and that it will be impracticable and extremely difficult to specify the actual amount of such damage. The parties agree that this late payment charge represents a fair and reasonable estimate of damages that University will incur by reason of the late payment, and such charges are accepted as the amount of liquidated damages. Resident bears the risk of loss or delay of any payment made by mail. This late charge, which shall be considered to be “additional rent,” does not establish a grace period; the University may serve a Three-Day Notice to Pay Rent or Quit if rent is not paid on its due date. b. Resident shall pay a one-time $20 activity fee which is required regardless of the effective date of the Contract. c. If Resident chooses to have a monthly or quarterly installment payment plan, Resident shall also pay a one-time $30 21 administrative charge for xxxxxxxx. d. If Resident passes a check or e-check of insufficient funds, Resident agrees to pay the University for the amount of the check or e-e- check plus a service charge of $35. The University may refuse a personal check as the form of room and board payment to cure a Three-Day Notice to Pay Rent or Quit. e. Keys are given to Resident upon move-in. It is a breach of Contract to duplicate University keys, and violators will be subject to disciplinary action. Additional locks or deadbolts are not to be installed by Resident. In the event of lost, stolen, or misplaced keys, and/or damaged locks, Resident agrees to pay $120 for a non-electronic key to the front/main door, $10 for non-electronic key to the bedroom, mailbox, or any other issued key, and $450 for repair and/or replacement of an electronic lock caused by intentionally tampering or damaging an electronic lock.