Common use of Late Payments and Fees Clause in Contracts

Late Payments and Fees. The Monthly Rent will be delinquent if not received in full by Housing Services on or before 5:00 p.m. on the seventh (7th ) day of the month in which it is due. If the seventh day of the month is on a weekend or University holiday, the rent will be delinquent if not paid by 5:00 p.m. on the following business day. Tenant agrees to pay a late charge of $40.00 for each month or portion thereof that the Monthly Rent is delinquent, in addition to any other fees permitted by this Agreement or by law. This late charge does not establish a grace period or waiver; the University may make written demand for payment if Monthly Rent is not paid on its due date. The late charge is due no later than the first business day of the following month. If there is an outstanding balance due, all fees and assessments, including, but not limited to, late-charge fees, key-and-lock fees, returned-check fees, custodial or property damage assessments, parking and garage fees, and extra storage space fees, will be applied first to that balance due and then to the rent. If the payment is not sufficient to cover both the assessments/fee(s) and the Monthly Rent, the Monthly Rent will be deemed delinquent if not paid in full by the seventh (7th) day of the month the Monthly Rent is due. Tenant and the University agree that the late charge is presumed to be damages sustained because of Tenant's late payment of Monthly Rent, not a penalty, as it is impracticable or extremely difficult to fix the actual damages. In addition to the foregoing, should the Tenant fail to pay rent or the late charge(s) when due, the University may, in its sole discretion, do any one or more of the following:

Late Payments and Fees. The Monthly Rent will be delinquent if not received in full by Housing Services on or before 5:00 p.m. on the seventh (7th 7th) day of the month in which it is due. If the seventh day of the month is on a weekend or University holiday, the rent will be delinquent if not paid by 5:00 p.m. on the following business day. Tenant agrees to pay a late charge of $40.00 for each month or portion thereof that the Monthly Rent is delinquent, in addition to any other fees permitted by this Agreement or by law. This late charge does not establish a grace period or waiver; the University may make written demand for payment if Monthly Rent is not paid on its due date. The late charge is due no later than the first business day of the following month. If there is an outstanding balance due, all fees and assessments, including, but not limited to, late-charge fees, key-and-lock fees, returned-check fees, custodial or property damage assessments, parking and garage fees, and extra storage space fees, will be applied first to that balance due and then to the rent. If the payment is not sufficient to cover both the assessments/fee(s) and the Monthly Rent, the Monthly Rent will be deemed delinquent if not paid in full by the seventh (7th) day of the month the Monthly Rent is due. Tenant and the University agree that the late charge is presumed to be damages sustained because of Tenant's late payment of Monthly Rent, not a penalty, as it is impracticable or extremely difficult to fix the actual damages. In addition to the foregoing, should the Tenant fail to pay rent or the late charge(s) when due, the University may, in its sole discretion, do any one or more of the following:

Late Payments and Fees. The Monthly Rent rent will be delinquent if not received in full by Housing Services on or before 5:00 p.m. on the seventh (7th ) day of the month in which it is due. If the seventh day of the month is on a weekend or University holiday, the rent will be delinquent if not paid by 5:00 p.m. on the following business day. Tenant agrees to pay a late charge of $40.00 for each month or portion thereof that if the Monthly Rent rent is delinquent, in addition to any other fees permitted by this Agreement or by law. This late charge does not establish a grace period or waiver; the University may make written demand for payment if Monthly Rent rent is not paid on its due date. The late charge is due no later than the first business day of the following month. If there is an outstanding balance due, all fees and assessments, including, but not limited to, late-charge fees, key-and-lock fees, returned-check fees, custodial or property damage assessments, parking and garage fees, and extra storage space fees, will be applied first to that balance due and then to the rent. If the payment is not sufficient to cover both the assessments/fee(s) and the Monthly Rentrent, the Monthly Rent rent will be deemed delinquent if not paid in full by the seventh (7th) day of the month the Monthly Rent rent is due. Tenant and the University agree that the late charge is presumed to be damages sustained because of Tenant's late payment of Monthly Rentrent, not a penalty, as it is impracticable or extremely difficult to fix the actual damages. In addition to the foregoing, should the Tenant fail to pay rent or the late charge(s) when due, the University may, in its sole discretion, do any one or more of the following:

Late Payments and Fees. The Monthly Rent will be delinquent if not received in full by Housing Services on or before 5:00 p.m. on the seventh (7th 7th) day of the month in which it is due. If the seventh day of the month is on a weekend or University holiday, the rent will be delinquent if not paid by 5:00 p.m. on the following business day. Tenant Xxxxxx agrees to pay a late charge of $40.00 for each month or portion thereof that the Monthly Rent is delinquent, in addition to any other fees permitted by this Agreement or by law. This late charge does not establish a grace period or waiver; the University may make written demand for payment if Monthly Rent is not paid on its due date. The late charge is due no later than the first business day of the following month. If there is an outstanding balance due, all fees and assessments, including, but not limited to, late-charge fees, key-and-lock fees, returned-check fees, custodial or property damage assessments, parking and garage fees, and extra storage space fees, will be applied first to that balance due and then to the rent. If the payment is not sufficient to cover both the assessments/fee(s) and the Monthly Rent, the Monthly Rent will be deemed delinquent if not paid in full by the seventh (7th) day of the month the Monthly Rent is due. Tenant and the University agree that the late charge is presumed to be damages sustained because of TenantXxxxxx's late payment of Monthly Rent, not a penalty, as it is impracticable or extremely difficult to fix the actual damages. In addition to the foregoing, should the Tenant fail to pay rent or the late charge(s) when due, the University may, in its sole discretion, do any one or more of the following: