Common use of Default in Rent Clause in Contracts

Default in Rent. In the event that the Rent remains unpaid seven (7) days after becoming due and payable (whether formally demanded or not), it shall be lawful for the Landlord to claim interest at ten percent (10%) per annum on the amount unpaid calculated from after the date due to the date of full payment.

Appears in 2 contracts

Sources: Tenancy Agreement, Tenancy Agreement

Default in Rent. In the event that the Rent remains rent remaining unpaid for seven (7) days after becoming due and payable (whether formally demanded or not), it shall be lawful for the Landlord to claim interest at ten percent (10%) per annum on the amount unpaid calculated from after the date due to the date of full actual payment.

Appears in 1 contract

Sources: Room Rental Agreement

Default in Rent. In the event that the Rent remains unpaid seven (7) days after becoming due and payable (whether formally demanded or not), it shall be lawful for the Landlord to claim interest at ten percent (10%) per annum on the amount unpaid calculated from after the date due to the date of full payment.

Appears in 1 contract

Sources: Tenancy Agreement