Common use of ADDITIONAL RENT CHARGES Clause in Contracts

ADDITIONAL RENT CHARGES. Rent is considered late if postmarked/deposited in bank after the __1st____ day of each month. Rent is $250 more if not paid by the 5th day of the month. Rent is an additional $500 if not paid by the _10th_____ day. Charges not paid when due become additional rent for the next month’s rent. Neither ill health, loss of job, financial emergency or other excuse will be accepted for late payment. Tenant hereby acknowledges that they have a legal obligation to pay their rent on time each and every month regardless of any other debts or responsibilities they may have. They agree that they will be fully liable for any back rent owed. They also acknowledge that defaulting on this Rental Agreement could result in a judgment being filed against them as well as any guarantors or co-signers and a lien being filed against their current and future assets and/or earnings of both the tenant and guarantor.

ADDITIONAL RENT CHARGES. a) Rent is considered late if postmarked/deposited in bank after the __1st____ 1st day of each month. . b) Rent is $250 more if not paid by the 5th day of the month. . c) Rent is an additional $500 if not paid by the _10th_____ 10th day. . d) Charges not paid when due become additional rent for the next month’s rent. . e) Neither ill health, loss of job, financial emergency or other excuse will be accepted for late payment. Tenant Each tenant hereby acknowledges that they have a legal obligation to pay their all the rent on time each and every month regardless of any other debts or responsibilities they may have. They agree that they will be fully liable for any back rent owed. They also acknowledge that defaulting on this Rental Agreement could result in a judgment being filed against them as well as any guarantors or co-signers and a lien being filed against their current and future assets and/or earnings of both the tenant and guarantor.