Common use of Allocation of Payments Received Clause in Contracts

Allocation of Payments Received. All money received from the Resident is first applied to any past due balance on the Resident's account, including unpaid rent, late fee, deposit shortage, unpaid damages, charges or fines, or utility charges past due that the

Allocation of Payments Received. All money received from the Resident is first applied to any past due balance on the Resident's account, including unpaid rent, late fee, deposit shortage, unpaid damages, charges or fines, fines or utility charges past due that thethe Resident is responsible for. If the balance of money received is not enough to cover the current rent by the first, an additional rent late fee will be charged to the Residents account.