Common use of Additional Rents Clause in Contracts

Additional Rents. TENANT agrees to pay Additional Rent in the amount of 10% of the rental amount if LANDLORD does not receive payment by the 3rd of each month and further agrees to pay an Additional Rent of $10.00 each day thereafter until the rent is received by LANDLORD.

Appears in 2 contracts

Sources: Residential Lease Agreement, Residential Lease Agreement