RENT AND ADDITIONAL CHARGES. The Tenant will pay the College the Rent (Base Rent and any other fees or charges which are payable by you at the same time installments of Base Rent are payable) on the date on which it is due and without the College making a demand for payment. Rent will be added to each Tenant’s apartment account on or before the last business day of each month. Rent is payable by cash or check in the Business Office between 9:00am – 4:00pm Monday through Friday, excluding holidays, or by credit card, debit card, or electronic check online. A 2.85% service fee or minimum of $3.00 will be added to all credit/debit transactions. Except as provided by law, the Tenant has no right to withhold or offset any part of the Rent for any purpose, even an Act of God or to reduce any of your costs or damages. a. Regardless of whether it is a holiday or weekend, Rent is due on the first (1st) day of each month. Rent is considered late if the Rent payment is received after the tenth (10th) day of the month; in such cases, the College will charge the Tenant (and the Tenant agrees to pay) a late charge of $100. A late charge will be assessed each month there is an outstanding apartment balance on the 10th of the month. b. While the College is not required to do so, it can accept partial payment of Rent; however, the College does not waive its rights to collect and enforce the payment of the remainder of such Rent. In the event that Rent is not paid in full, the College will charge the Tenant (and the Tenant agrees to pay) late fees on any outstanding balance.
Appears in 6 contracts
Samples: Carroll College Student Lease Agreement, Carroll College Student Lease Agreement, Lease Agreement
