Late Payment and Return Check Charges. In addition to the interest charges provided for in the preceding Section 5.3., in the event any Rent owing hereunder is not paid within nine (9) calendar days of the due date, Landlord and Tenant agree that Landlord will incur additional administrative expenses not herein contemplated, the exact amount of which will be difficult if not impossible to determine. Accordingly, Tenant agrees to pay to Landlord an additional one-time late charge for each such late payment in the amount of ten percent (10%) of the amount of such late payment. Acceptance of such late charges by Landlord shall in no event constitute a waiver of Tenant's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies under this Lease. There shall be an additional charge of Twenty Dollars ($20.00) for any check submitted by Tenant to Landlord which is returned unpaid by Tenant's bank of depository.
Late Payment and Return Check Charges. In the event that rent is not received in the possession of the Landlord in full by the 1st day of the month due, Tenant(s) will be in default of this lease. The late payment charge is $50.00 if the full payment is received by the 7th of the month. On or after the 7th day of the month the late payment charge becomes 15% of the monthly rental rate. If Tenant(s) check is returned unpaid by the bank, for any reason, Tenant(s) agree and to pay a returned check charge of $35.00 to cover the Landlord’s expense in addition to the late payment charge. After the first instance of a returned check or insufficient funds, all payments must be made by certified funds.
Late Payment and Return Check Charges. In the event that rent is not received in the possession of the Landlord in full by the 1st day of the month due, Tenant(s) will be in default of this lease. The late payment charge is 10% of the monthly rental rate ( ) if the full payment is not received by the 5th day (on or before 5:00PM CT) of the month. Late fees are due immediately with rent amount once assessed. Landlord reserves the right to charge an administration fee for any notices that may need to be posted at the physical location. If Xxxxxx’s check is returned unpaid by the bank, for any reason, Xxxxxx agrees to pay a returned check charge of $35.00 to cover the Landlord’s expense in addition to the late payment charge. After the first instance of a returned check or insufficient funds, all payments must be made by certified funds.
Late Payment and Return Check Charges. In addition to the interest charges provided for in the preceding Section 5.3, in the event any Rent owing hereunder is not paid within nine (9) calendar days of the due date, Landlord and Tenant agree that Landlord will incur additional administrative expenses not herein contemplated, the exact amount of which will be difficult if not impossible to determine. Accordingly, Tenant agrees to pay to Landlord an additional one-time late charge for each such late payment in the amount of ten percent (10%) of the amount of such late payment. Notwithstanding the foregoing, Landlord agrees to waive the collection of such late fee two times per Lease year; provided, however, on the third, and each subsequent late payment in any Lease year, a late fee will be due, and the previous late charges will be reinstated. Acceptance of such late charges by Landlord shall in no event constitute a waiver of Tenant’s default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies under this Lease. There shall be an additional charge of Twenty Dollars ($20.00) for any check submitted by Tenant to Landlord which is returned unpaid by Tenant’s bank of depository.
