Common use of Monthly Installment Clause in Contracts

Monthly Installment. You agree to pay monthly, in advance, on or before the first day of the month regardless of whether or not it is a holiday or weekend, the Monthly Installment. All payments should be made payable to: Park Place Xxxxxx. We do not have to ask (MAKE DEMAND UPON) you to pay the Rent. You agree to pay Rent by first class mail postage prepaid or in person to Landlord at the place specified by Landlord. If we do not actually receive a Rent payment in the full amount at the designated place of payment by the fourth (4 th) day of the month, you agree to pay us an initial LATE CHARGE of additional rent of $25.00 on the fifth (5th) day of the month; and additional late charges of additional rent of $5.00 per day thereafter until Rent and late charges are paid in full. Utility charges and defaults will be treated as additional rent. Additional late charges for any one payment may not exceed more than 30 days before we may terminate the lease and collect the balance of Rent payable through the end of the Lease term. You also agree to pay $30, plus a $15 collection processing fee for each returned payment plus the above late charges until we receive acceptable payment, plus any fees charged to us by our bank, plus the above late charges until we receive acceptable payment, subject, however, to any maximum amount provided by applicable law. The returned payment fee will be treated as additional rent. While we do not have to, we can accept partial payment of Rent, but we do not waive our rights to collect and enforce the payment of the remainder of such Rent. The fact that we may accept a partial payment does not imply that we accept the account as being current. In the event that your Rent is not paid in full, we will charge you (and you agree to pay) late fees on any outstanding balance. In addition, our acceptance of any payment marked “final payment” or “paid in full” does not absolve you of any outstanding balance. At our option and without notice, any payment received may be applied first to your obligations which do not constitute Rent and, then to Rent (any past due Rent being paid first), regardless of whether or not you made notations on payments or money orders and regardless of when or how the obligation came about. The mailbox is not our agent for receipt. The postmark date is not the date we receive payment. You agree with us that the late charges set forth above are based on a reasonable estimate of uncertain damages to us that are incapable of precise calculation and result from late payment of Rent. Our acceptance of a late charge does not waive our right to exercise remedies under Section 17 below. You are liable for all costs or charges associated with our having to provide special services to you or at your request and for all fees or fines as described in the Apartment Community Rules and Regulations (the “Rules and Regulations”) which are attached to this Lease and made a part of this Lease for all purposes.

Monthly Installment. You agree to pay monthly, in advance, on or before the first day of the month regardless of whether or not it is a holiday or weekend, the Monthly Installment, with the first installment due no later than the lease agreement start date. All payments should be made payable to: Park Place XxxxxxDenton. We do not have to ask (MAKE DEMAND UPON) you to pay the Rent. You agree to pay Rent by first class mail postage prepaid or in person to Landlord at the place specified by Landlord. If we do not actually receive a Rent payment in the full amount at the designated place of payment by the fourth (4 th) 4th day of the month, you agree to pay us an initial LATE CHARGE of additional rent of $25.00 on the fifth (5th) day of the month; and additional late charges of additional rent of $5.00 per day thereafter until Rent and late charges are paid in full. Utility charges and defaults will be treated as additional rent. Additional late charges for any one payment may not exceed more than 30 days before we may terminate the lease and collect the balance of Rent payable through the end of the Lease term. You also agree to pay $30, plus a $15 collection processing fee for each returned payment plus the above late charges until we receive acceptable payment, plus any fees charged to us by our bank, plus the above late charges until we receive acceptable payment, subject, however, to any maximum amount provided by applicable law. The returned payment fee will be treated as additional rent. While we do not have to, we can accept partial payment of Rent, but we do not waive our rights to collect and enforce the payment of the remainder of such Rent. The fact that we may accept a partial payment does not imply that we accept the account as being current. In the event that your Rent is not paid in full, we will charge you (and you agree to pay) late fees on any outstanding balance. In addition, our acceptance of any payment marked “final payment” or “paid in full” does not absolve you of any outstanding balance. At our option and without notice, any payment received may be applied first to your obligations which do not constitute Rent and, then to Rent (any past due Rent being paid first), regardless of whether or not you made notations on payments or money orders and regardless of when or how the obligation came about. The mailbox is not our agent for receipt. The postmark date is not the date we receive payment. You agree with us that the late charges set forth above are based on a reasonable estimate of uncertain damages to us that are incapable of precise calculation and result from late payment of Rent. Our acceptance of a late charge does not waive our right to exercise remedies under Section 17 below. You are liable for all costs or charges associated with our having to provide special services to you or at your request and for all fees or fines as described in the Apartment Community Rules and Regulations (the “Rules and Regulations”) which are attached to this Lease and made a part of this Lease for all purposes.

Monthly Installment. You agree to pay monthlypay, in advance, on or before the first day of each calendar month during the month Lease Term, regardless of whether or not it is a holiday or weekend, the Monthly Installment due for such month, (PARTIAL PAYMENT WILL NOT BE ACCEPTED) which consists of the Base Rent plus all applicable Monthly Fees and all applicable taxes (each a “Monthly Installment”), with the first installment due no later than the Start Date. All payments should be made payable to: "Park Place XxxxxxTempe" and be delivered to Landlord on or before the applicable due date at the following address: Park Place Tempe, 0000 Xxxxx Xxxxxxx Xx, Xxxxx, Xxxxxxx 00000, unless otherwise agreed by Landlord. Notice is hereby provided to Resident that the applicable sales tax or transaction privilege tax rate may be increased from time to time by the municipality where this Apartment Community is located. If the rate is so modified by the municipality pursuant to A.R.S. § 33-1314(E), applicable taxes charged by Landlord on the Base Rent and Monthly Fees will be increased accordingly, which will modify the amount of each Monthly Installment. In such event, the Monthly Installments calculated and set forth on Page 1 of this Lease will be revised to reflect the increase to the applicable taxes and Resident shall be required to pay the increased amount for the remainder of the Lease Term upon thirty (30) days advance written notice of the changed rate. We do not have to ask (MAKE DEMAND UPON) you to pay the Rent. You agree to pay Rent by first class mail postage prepaid or in person to Landlord at the place specified by Landlord. Except as provided by law, you have no right to withhold or offset any part of your Rent for any purpose, even an Act of God or Force Majeure, or to reduce any Rent payable to us by any of your costs or damages. At our option, we can require that Rent, fees, or charges payable to us be paid in either certified or cashier’s check, money order, personal check or by ACH direct deposit or other forms of electronic payment approved by Landlord in its sole and absolute discretion. In addition, if two (2) or more payments for Rent are returned to us for insufficient funds or for any reason whatsoever, Landlord shall have the right, but not the obligation, to thereafter require that all Monthly Installments money payable to us be paid in either certified or cashier’s check or money order. Xxxx will not be accepted under any circumstances. If we do any Monthly Installment, or any other Rent payment, is not actually receive a Rent payment paid in the full amount and received by Landlord at the designated place of payment by the fourth (4 th) 4th day of the applicable month, you agree to pay us an initial LATE CHARGE of additional rent of $25.00 plus all applicable taxes on the fifth (5th) day of the month; and additional late charges of additional rent of $5.00 plus all applicable taxes per day thereafter until Rent and late charges are paid in full. Utility charges and defaults will be treated as additional rent. Additional late charges for any one payment may not exceed more than 30 days before we may terminate the lease and collect the balance of Rent payable through the end of the Lease term. You also agree to pay the greater of $3045 or 5% fee, plus a $15 collection processing fee for each returned payment plus the above late charges until we receive acceptable payment, plus any fees charged to us by our bank, plus the above late charges until we receive acceptable payment, subject, however, to any maximum amount provided by applicable law. The returned payment fee will be treated as additional rent. While we do not have to, we can accept partial payment of Rent, but we do not waive our rights to collect and enforce the payment of the remainder of such Rent. The fact that we may accept a partial payment does not imply that we accept the account as being current. In the event that your Rent is not paid in full, we will charge you (and you agree to pay) late fees on any outstanding balance. In addition, our acceptance of any payment marked “final payment” or “paid in full” does not absolve you of any outstanding balance. At our option and without notice, any payment received may be applied first to your obligations which do not constitute Rent and, then to Rent (any past due Rent being paid first), regardless of whether or not you made notations on payments or money orders and regardless of when or how the obligation came about. The mailbox is not our agent for receipt. The postmark date is not the date we receive payment. You agree with us that the late charges set forth above are based on a reasonable estimate of uncertain damages to us that are incapable of precise calculation and result from late payment of Rent. Our acceptance of a late charge does not waive our right to exercise remedies under Section 17 below. You are liable for all costs or charges associated with our having to provide special services to you or at your request and for all fees or fines as described in the Apartment Community Rules and Regulations (the “Rules and Regulations”) which are attached to this Lease and made a part of this Lease for all purposes. If your account is sent to a collection agency, you are responsible for all additional fees incurred in the process.