Common use of Returned Check Fee Clause in Contracts

Returned Check Fee. Processing checks is very costly and time consuming. Any check returned to the Landlord from the bank for any reason will result in the tenant’s account being assessed a $20.00 bounce check fee. Late fees will also be assessed to the tenant if good funds are received after the late rent date. After two returned checks, payments from the tenant will no longer be accepted in the form of a personal check.