Default in Payment of Rent. In the event rent is not paid by the tenth (10th) day of any month, Lessee shall be considered in default of this Agreement. Upon default, Lessor shall present Lessee notice of default via Certified Mail and Lessee shall have ten (10) days from receipt of said notice to cure the default. In the event the default is not cured within said time frame, Lessor may proceed to collect all past-due amounts, fully enforce the terms of this Lease Agreement, and shall be allowed to collect additional reasonable costs, such as attorney fees, late charges, etc. that may be typically allowed by law. Any unpaid balances remaining after termination of occupancy are subject to a 1 1/2% interest per month penalty.
Appears in 3 contracts
Sources: Lease Agreement, Lease Agreement, Lease Agreement