Rent and Late Fees Sample Clauses
The 'Rent and Late Fees' clause defines the tenant's obligation to pay rent on time and outlines the consequences of late payment. It typically specifies the amount of rent due, the due date each month, and the amount or method for calculating late fees if payment is not received by the deadline. This clause ensures that both parties are clear about payment expectations and provides a financial deterrent against late payments, helping landlords manage cash flow and encouraging tenants to pay promptly.
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Rent and Late Fees. The Tenant agrees to pay to the Landlord, without demand, as rent for the leased premises the sum of $XXX.00 per month in advance, on the first day of each calendar month, beginning on Month XX, 20XX at such place as the Landlord may from time to time specify in written notice served on the Tenant. In the event the Tenant takes possession of the premises prior to the first day of the month, the rent shall be prorated from the day the lease commences until the end of the first month that the lease commenced. In the event the rent is not received by the Landlord on or before 5 business days from the date that the rent is due, a late fee of 5% of the amount delinquent will be added to the rent after the 5th business day from the date that the rent is due. Late fees will be charged for each and every month that the rent is not paid on time. Any rent paid will be applied to past due housing debts first and then to current rent. Acceptance of late fees and the rental payment shall not constitute a waiver of the Landlord's rights or remedies. In the event that the rent is not paid on or before 5 business days from the date that the rent is due, the Landlord may also declare the Tenant in default of the lease and terminate this Lease and begin eviction proceedings. In that event, this Lease shall automatically terminate and the Tenant's right of possession hereunder shall terminate. In the event that any of the Tenant's checks are insufficient or not cashable by the Landlord, the Landlord may request all payments, including future payments to be made by cashier's check, money order or certified funds. All bank and other charges, such as insufficient check or returned check charges that are incurred by the Landlord, will be passed on to the Tenant and constitute part of the rent. Failure to pay these sums is an event of default. The Landlord will apply all funds that are received from the Tenant first to any non-rent obligations such as attorney's fees, costs of court, late fees, bank fees and charges, chargebacks for repairs, utilities, etc.
a. It is further understood that Rent is subject to change to meet legislative or economic requirements. In the event that the Rent is changed, a minimum of 30 days written notice will be given to you. You are subject to any mandated Rent changes, EXCEPT (cross out if not applicable):
i. If you are a student rate tenant, the present Lease Contract is at the student rate based on enrollment in nine or more credit hours at Texas...
Rent and Late Fees. Guest will pay $ per month for rent. Payable to “TRMC”. Rent is due on the 1st day of the month. If Guest doesn’t pay all rent on or before the 3rd day of the month, late fees will be assessed and a 24 hour Notice to Vacate the property will be given. Initial late fee $30, plus $5 per day until rent is paid.
Rent and Late Fees. Rent shall be paid to Landlord, at the above address and is due the 1st day of each month. Tenant shall incur $20.00 per day as a late fee for payment of rent received after 4:00pm on the 1st day of the month. NO CASH will be accepted. The rent shall still be considered late if the 1st day of the month falls on a Saturday, Sunday, or Holiday. Tenant agrees to pay promptly the monthly rental installments including utility billing and other charges, without deductions, and to abide by all other terms, covenants and conditions of this lease. A monthly statement from Point West Properties is considered a courtesy, and is not required. In the event Tenant does not receive a monthly statement, he or she is still responsible to have the rent paid on time by the first of the month. Tenant may not withhold or offset the rent for any reason. Notice to one tenant shall be considered a notice to all tenants. There will be a $50 charge for posting a "Demand for Payment of Rent" (3 Day Notice) or "Notice to Comply" for any lease violation. This notice shall not be construed as a waiver of Lessor's right under this lease or by law to evict Tenant for nonpayment of rent. Tenant understands that rent is due by the 1st of the month, and is considered late after 4:00 p.m. on that day. Tenant further understands that late fees are $20/DAY for each rental payment for any rental balance in excess of $200.00
Rent and Late Fees. Any unpaid rent, late fees, bad check fees or portions thereof, as provided by the terms of this Lease shall be assessed to Tenant.
Rent and Late Fees. The Tenant agrees to pay to the Landlord, without demand, as rent for the leased Premises the sum of $ 1195.00 per month in advance, on or before the first day of each calendar month, beginning on 10/10 delivered to Landlord. Landlord may from time to time specify change of above address in written notice served on the Tenant. In the event the Tenant takes possession of the Premises prior to the first day of the month or earlier than the move-in date as contemplated under this Lease, the rent shall be prorated from Tenant’s taking possession until the end of the month in which Tenant takes possession. Tenant and Landlord agree upon a prorated Rent of $ accepted by the Landlord. 809.52 to be paid by the Tenant and Tenant may use any of the approved payment methods indicated below to pay Rent to Landlord as required under this Section:
Rent and Late Fees. 3.1 Lessee shall pay to Lessor the amount of «rent_amount» ($«Rent») per month during the initial term of this Lease Agreement, payable in advance on the first day of each month.
3.2 In the event ▇▇▇▇▇▇’s rent is not paid by 5:00 p.m. on the first day of any month when due, ▇▇▇▇▇▇ agrees to pay a late fee of $«F14» plus an additional $«prorate» per day for every day the overdue rent is not paid. As set forth in Section 4.2 below, Lessor may, at its option, apply as much of the Security Deposit as is necessary to cover the unpaid rent and late fees, and Lessee shall be obligated to promptly reimburse the Security Deposit for said amount. The provisions of this Section 3.2 shall in no way be construed to limit any of Lessor’s remedies for breach of this Lease Agreement specified under Section 10 below or elsewhere herein.
3.3 Lessor may but shall not be required to accept monthly rent payments after the date they become due without waiver of or prejudice to its rights under this Lease Agreement; provided, however, that any rent paid after its due date shall be accompanied by any and all late fees specified in Section 3.2 above.
3.4 Lessee may choose the option of having their rent payment taken as a payroll deduction twice a month at a rate of «per_ck_amount» ($«per_check») per pay period, or pay the full amount of the rent to the school district by the 1st of each month. I will pay the $«Rent» to the District by the 1st of each month.
Rent and Late Fees. Tenant shall pay to Landlord rental installments in the amount of $ per month and shall be paid to Landlord or Landlord’s agent at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ or such other place as Landlord may designate in writing. Rental payments are payable in advance on or before the 1st day of each month, commencing on the 1st day of the month following the month first written above. Tenant acknowledges and agrees that all monthly rental payments due hereunder shall be paid via Automated Clearing House (i.e. ACH) payment. Landlord reserves the right to reject any partial monthly rental payment and any monthly rental payment that is not paid via ACH payment. Tenant agrees to pay a non-sufficient funds fee in the amount of twenty-five dollars ($25.00) for any monthly rental payment returned unpaid for any reason. Concurrently with the execution of this agreement, Tenant shall pay Landlord a prorated rental amount for the period from the date first written above to the 1st day of the next month. Upon thirty (30) days written notice to Tenant at the address set forth above, Landlord may increase the amount of the monthly rental payment set forth in this Section 4. Monthly rental payments not received by Landlord on or before the 1st day of each month during the term, shall be subject to a late fee in the amount of two dollars ($2.00) per day and Tenant acknowledges and agrees that said late fee is fair and reasonable in light of all circumstances. A monthly rental payment shall not be considered paid until any associated late fees are also paid. In the event of default by Tenant for nonpayment of rent for a period of thirty (30) days, Landlord shall have a storage lien and may sell personal property of Tenant stored pursuant to all applicable Montana statutory provisions, including but not limited to, Montana Code Annotated Sections 70-6-411, 70-6-412 and 70-6-420 as well as any corresponding provisions of subsequent superseding Montana laws. Additionally, after nonpayment of rent for a period of thirty (30) days, Landlord shall have the right to secure the Leased Premises via “Security Lock.” If Tenant desires to become current under the terms of this agreement after Landlord has placed a “Security Lock” on the Leased Premises, Tenant shall pay a twenty-five dollar ($25.00) fee to Landlord to remove the “Security Lock” on the Leased Premises. The placement of a “Security Lock” on the Leased Premises shall not be deemed a conversion of Tenant’s...
Rent and Late Fees. Tenant agrees to pay to Landlord during the initial term of this lease the sum of $_________________ (which sum includes $_____________ in prorated rent for the period January 26-31, 2001) plus applicable sales tax, said rental to commence on January 26, 2001. Tenant shall pay to Landlord such rent in equal monthly installments (with the exception of the prorated amount for the period January 26-31, 2001, which shall be due and payable on January 26, 2001) of $___________, in advance, without notice, on or before the first of each and every calendar month of the term of this Lease commencing February 1, 2001. Rent shall be payable to: ▇▇▇▇▇▇ Supply, Inc., Attention: SBU 6 Rent Accountant, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, or such other place as Landlord may specify in writing to Tenant from time to time. As to each installment of monthly rent due hereunder which is not timely paid by Tenant to Landlord, Tenant shall pay Landlord a late fee equal to 5% of the installment amount. As to all sums due and payable under this Lease by Tenant to Landlord which are not timely paid, Tenant shall pay to Landlord interest on such past due amounts at the rate of twelve percent (12%) per annum until paid in full.
Rent and Late Fees