Late Rent definition

Late Rent. Although RENT is considered LATE AFTER THE FIRST DAY OF EACH MONTH, there will be a late fee charge of five percent (5%) of the rent amount on any payment received after the fifth day of the month regardless of what day the fifth falls on and a $25.00 fee charged on any check that bounces. Court costs will be charged if payment is not received by the 11th and court papers are filed. If Tenant fails to pay any installment of rent for a period of 10 days after written notice of default is mailed, this will constitute a breach of contract and lessor may take possession of said premises.
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Late Rent. FEES: A late fee of $30.00 will be charged, as stated in the Residential Rental Agreement. These fees may be deducted from the Tenant’s security deposit.
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Late Rent. This clause should include details on what will occur for late rent payments. Just be aware of state laws as it applies to the amount of a late fee you can charge and whether or not there is a required grace period. Click here for more information on handling issues with past-due rent. Insufficient Funds – Indicate any fees required for rent that are not paid due to insufficient funds.
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Examples of Late Rent in a sentence

  • In the event that a check intended as payment for Rent is dishonoured for whatever reason, the same shall be considered as Late Rent with the late fee being payable on the same.

  • In the event that a check intended as payment for Rent is dishonored for whatever reason, the same shall be considered as Late Rent with the late fee being payable on the same.

  • Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon.

  • State Late Rent Fees (maximum allowed) Laws Alabama Not defined No statute Alaska Not defined No statute Arizona No maximum, although it must be stated in the lease.

  • Late Rent – This clause should include details on what will occur for late rent payments.

  • Please keep in mind, if your rent check is returned for any reason and it is past the 5th working day of the month, you will also be responsible for the Late Rent Fee of $25.00.

  • The Burden of a Late Rent Check Can Harm the Health of Both Parents and Kids.” Pacific Standard.

  • The Late Rent Charge does not establish a grace period; Owner may make written demand for payment if Rent is not paid on its Due Date.

  • If you pay your rent with a check and it is returned unpaid for any reason, you’ll be charged a Returned Check Charge of $25 plus the Late Rent Charge of $50, plus $10 for each day that it is late.

  • Pay to the undersigned the rent for the Premises hereinafter described of which the total rent now due is (check all that apply): ☐ - Unpaid / Late Rent: $[AMOUNT] ☐ - Penalties / Late Fees: $[AMOUNT] ☐ - Other: $[AMOUNT] Total amount due: $[TOTAL AMOUNT] ☐ - LEASE / LAW VIOLATION ☐ - Remedy the violation, described as: [LEASE VIOLATION].


More Definitions of Late Rent

Late Rent. Charge: 10% of rent plus $ 5.00 a day each day after the 5th. Total collected at signing of lease: $ Non Refundable Deposit + LAST Months Rent
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Late Rent. Include late fees (if enforceable) and grace periods (subject to state regulations). * Security Deposit: Specify deposit amount, deductions, and conditions for reclaiming it. * Condition: Affirm the property was delivered in good condition. * Right of Entry: Establish terms for landlord access, including valid purposes and notice requirements. * Utilities: List provided utilities, responsible parties, and associated fees. * Pets: Include permission requirements, breed restrictions, pet rent, and rules. * Parking: Specify parking areas, fees, and rules. * Prohibited Uses and Activities: State any banned activities, rules, or regulations. * Other Terms: Include any essential terms not covered elsewhere. Rental agreements play a crucial role in specifying terms and responsibilities between landlords and tenants. Even when they extend beyond one page, such agreements are essential for clarifying expectations. ####Additional Considerations Beyond the standard rental agreement, certain additional items may be required: * **Lead-Based Paint Disclosure**: Properties built before 1978 must have this federal law disclosure. * **Move-In Checklist**: Most leases include a move-in checklist to ensure both parties agree on the property's condition. * **State or Local Laws**: Some jurisdictions require additional attachments. ####Addendum In some cases, an addendum can be used to cover extra information even without a traditional lease agreement. However, it must be mentioned in the rental agreement and signed by all parties for it to be legally binding. ####Signed Copies While not mandatory, having both landlord and tenant keep signed copies of agreements helps avoid miscommunication and proves that all parties have reviewed and agreed to terms. ####Tenant Welcome Letter and Move-In Checklist * A **tenant welcome letter** formally welcomes new tenants before the lease begins. It provides local resources, contact information, reminders of important rules, and a move-in checklist. * A **move-in inspection** is essential to protect the tenant's right to repairs and return of security deposits. Even when not required by law, it's good business practice to schedule this inspection with the tenant present. ####Rental Agreement Types There are various types of rental agreements suited to different needs and situations: * **Standard/Fixed Term**: The most common lease agreement is a fixed term for a specific period, often one year. * **Month-to-Month**: A rental agreement that ...
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Late Rent. A late rent letter will be sent for payments not received by the fifth of the month. A thirty (30) day eviction notice will be in effect for rent not received by the 15th of the month.
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Late Rent. Any late rents shall incur a $50.00 per day late penalty. Any past due amounts under this Lease shall bear interest at the rate of the lesser of one and one-half (1.5%) percent per month or the maximum rate permitted by law. Tenant further agrees to pay Owner any cost incurred by Owner in effecting the collection of such past due rent including but not limited to fees of an attorney or collection agency. Nothing herein contained shall limit any other remedy of Owner.
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Related to Late Rent

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Additional Rental has the meaning set forth in Section 4.03.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • the Tenant means the party(ies) named on the tenancy agreement as the tenant of The Property.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition. Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • the Landlord means the party named on the first page of this Agreement and any successor and any person who has an interest as heritable proprietor in The Property, even if not named in this Agreement. The Landlord agrees to inform The Agent, in writing, of any changes to ownership of The Property, contact telephone numbers, postal or e-mail addresses as soon as possible and in any event within 7 days of the change.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.