Common use of Late Rent Clause in Contracts

Late Rent. Where rent is unpaid 14 days after it is due, interest at Bank of England Base rate plus 3% will be charged on a daily basis starting from the rent due date. You can also be charged any costs/ penalties the Landlord has to pay his lender if a mortgage payment is missed.

Late Rent. Where rent is unpaid 14 days after it is due, interest at Bank of England Base rate plus 3% will be charged on a daily basis starting from the rent due date. You can also be charged any costs/ penalties the Landlord landlord has to pay his lender if a mortgage payment is missed.