Common use of Rent Collection Policy Clause in Contracts

Rent Collection Policy. Any balance left unpaid for thirty (30) days following the natural expiration or early termination of the lease may be submitted to a collection agency. In such event, a collection cost of thirty percent (30%) of the total amount remaining due will be added to the original balance as liquidated damages to cover Landlord’s costs of collection.

Rent Collection Policy. Any balance left unpaid for thirty (30) days following the natural lease expiration or early termination of the lease date may be submitted to a collection agency. In such event, a collection cost expense of thirty percent (30%) percent of the total amount remaining due will be added to the original balance as liquidated damages to cover Landlord’s costs of collectionbalance.

Rent Collection Policy. Any balance left unpaid for thirty (30) days following the natural expiration or early termination of the lease Lease may be submitted to a collection agency. In such event, a collection cost of thirty percent (30%) of the total amount remaining due will be added to the original balance as liquidated damages to cover Landlord’s costs of collection.