Common use of ADDITIONAL RENT CHARGES Clause in Contracts

ADDITIONAL RENT CHARGES. (a) If any negotiable instruments or electronic payments tendered to Lessor by Lessee are returned by the bank for insufficient funds or for any other reason, the monthly Base Rent for said month shall be increased by an additional $50. Such increase in the Base Rent shall not preclude Lessor from having Tenant lawfully evicted from the Premises due to tendering a negotiable instrument, which was supported with insufficient funds. (b) If rent is not paid by the 5th day of each month a late fee equal to 10% of the Base Rent amount will be charged by Lessor to Lessee. Such amount is due and payable immediately to Lessor. If rent is not paid in full by the 10th day of said month then late fees will accrue @ $10.00 per day from the 6th day of the month until said rent is paid in full. All late fees are required to be included with the monthly rent. The acceptance of late fees shall not preclude Lessor from having Tenant lawfully evicted from the Premises due to the breach of the covenant by Tenant to pay Base Rent and any other payments when due. (c) In the event there are any charges sustained by the Lessor under the terms of this Agreement that are not covered by the Lessee’s Security Deposit, said monies shall be paid by Lessee to Lessor within thirty (30) days after vacating the Premises, otherwise Lessee shall be in Default of this lease and said debt shall bear interest thereafter at the rate of the Lessor of (i) twelve (12) percent per annum and (ii) the maximum rate of interest permitted under applicable law until paid full.

ADDITIONAL RENT CHARGES. (a) If any negotiable instruments or electronic payments tendered to Lessor by Lessee ▇▇▇▇▇▇ are returned by the bank for insufficient funds or for any other reason, the monthly Base Rent for said month Lessee shall be increased by an additional $50. Such increase charged a “returned check fee” in the Base Rent amount of $25.00. Payment of such fee shall not preclude Lessor from having Tenant lawfully evicted from the Premises due to tendering a negotiable instrument, which was supported with insufficient funds. (b) If rent is not paid by the 5th day of each month a late fee equal to the lesser of 10% of the Base Rent amount and the maximum amount permitted by applicable law will be charged by Lessor to Lessee. Such amount is due and payable immediately to Lessor. If rent is not paid in full by the 10th day of said month then late fees will accrue @ $10.00 per day from the 6th day of the month until said rent is paid in full. All late fees are required to be included with the monthly rent. The acceptance of late fees shall not preclude Lessor from having Tenant lawfully evicted from the Premises due to the breach of the covenant by Tenant to pay Base Rent and any other payments when due. (c) In the event there are any charges sustained by the Lessor under the terms of this Agreement that are not covered by the Lessee’s Security Deposit, said monies shall be paid by Lessee to Lessor within thirty (30) days after vacating the Premises, otherwise Lessee shall be in Default default of this lease Lease Agreement, and said debt shall bear interest thereafter at the rate of the Lessor Lesser of (i) twelve (12) percent per annum and or (ii) the maximum rate of interest permitted under applicable law until paid full.