Common use of Penalty Fee Clause in Contracts

Penalty Fee. The penalty fee is $450.00. This fee is assessed for certain conditions as specified in this Agreement. Failure to pay this fee immediately shall be a material default and breach of this Agreement. If unpaid, the fee will be deducted from the security deposit at the termination of this Agreement.

Appears in 4 contracts

Sources: Lease Agreement, Lease Agreement, Lease Agreement

Penalty Fee. The penalty fee is $450.00. This fee is assessed for certain conditions as specified in this Agreement. Failure to pay this fee immediately shall be a material default and breach of this Agreement. If unpaid, the fee will be deducted from the security deposit at the termination of this Agreement.,

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement