Common use of Manner of Payment of Rent Clause in Contracts

Manner of Payment of Rent. All payments of rent and any other payments to Landlord required hereunder shall be made without set off or demand, by certified, or personal check payable to Landlord, at the address set forth in the notice section of the Lease, or to such other party and place as may be designated by written notice from Landlord to Tenant from time to time. The due date for rent is the 1st of the month. Any monthly installment of rent not paid by the first of the month shall be subject to a late charge in an amount equal to 8% of the amount of rent which is past due. After the 10th of the month, an additional late fee of $5 per day will be assessed. Late charges, if any, will accrue and be assessed on a monthly basis. In addition to all applicable late fees, returned checks will be charged $40. If a check is returned from a banking institution, Landlord has the option to require all future payment to be made in the form of certified check, money order or cashier’s check. If the rent is not paid by the 5th of the month, Landlord reserves the right to demand certified funds for payment for that month.

Manner of Payment of Rent. All payments of rent and any other payments to Landlord required hereunder shall be made without set off or demand, by certified, or personal check payable to Landlord, at the address set forth in the notice section of the Lease, or to such other party and place as may be designated by written notice from Landlord to Tenant from time to time. The due date for rent is the 1st of the month. Any monthly installment of rent not paid by the first of the month shall be subject to a late charge in an amount equal to 8% of the amount of rent which is past due. After the 10th of the month, an additional late fee of $5 7 per day will be assessed. Late charges, if any, will accrue and be assessed on a monthly basis. In addition to all applicable late fees, returned checks will be charged $40. If a check is returned from a banking institution, Landlord has the option to require all future payment to be made in the form of certified check, money order order, or cashier’s check. If the rent is not paid by the 5th of the month, Landlord reserves the right to demand certified funds for payment for that month.