Common use of Deposit and Fees Clause in Contracts

Deposit and Fees. Occupant shall deposit with Operator a security deposit equal to one month’s rental to be held and disbursed for any damages to the premises (if any) as provided by law, and to ensure the payment and performance of all terms and conditions included in this Agreement. Occupant may not use said deposit for rent owed during the term of the rental agreement. Any unpaid rent payments due and/or repair cost for damages caused by Occupant left unpaid shall accrue interest of 1.5% per month, compounded monthly, until such time as entire balance due (including late rent, damages and interest) are paid in full. Within 30 days of the Occupant vacating the premises, Operator shall return the balance, if any, to the Occupant. A statement or invoice for the monthly rent is not required to be sent to the Occupant. If all rent is not paid within ten (10) days of rent being due, then a late fee of 20% or $20.00 whichever is greater for each late rental payment will be charged. All said late charges shall be immediately due and payable without demand from the Operator. If any check is dishonored for any reason, all rent or late fees shall be immediately due and payable in addition to a return check charge identified above as an NSF fee in the amount of $35.00. Occupant will also be denied access to its Space until full payment is received. If the Occupant’s property is processed for public or private sale, the Occupant shall be responsible for a minimum sale processing fee as shown above as the Sale Fee in the amount of $25.00, as well as all costs of sale borne by Operator. An administrative Account Set-Up fee of $10.00 will be charged upon signing of the rental contract. Occupant will be charged a disposal/clean up fee of $100.00 if any boxes, trash, or personal items are left in or outside the storage space after vacating.

Deposit and Fees. Occupant shall deposit with Operator a security deposit equal to one month’s rental to be held and disbursed for any damages to the premises (if any) as provided by law, and to ensure insure the payment and performance of all terms and conditions included in this Agreement. Occupant may not use said deposit for rent owed during the term of the rental agreement. Any unpaid rent payments due and/or repair cost for damages caused by Occupant left unpaid shall accrue interest of 1.5% per month, compounded monthly, until such time as entire balance due (including late rent, damages and interest) are paid in full. Within 30 days of the Occupant vacating the premises, Operator shall return the balance, if any, to the Occupant. A statement or invoice for the monthly rent is not required to be sent to the Occupant. If all rent is not paid within ten (10) days of rent being due, then a late fee of 20% or $20.00 whichever is greater for each late rental payment will be charged. All said late charges shall be immediately due and payable without demand from the Operator. If any check is dishonored for any reason, all rent or late fees shall be immediately due and payable in addition to a return check charge identified above as an NSF fee in the amount of $35.00. Occupant will also be denied access to its Space until full payment is received. If the Occupant’s property is processed for public or private sale, the Occupant shall be responsible for a minimum sale processing fee as shown above as the Sale Fee in the amount of $25.00, as well as all costs of sale borne by Operator. An administrative Account Set-Up fee of $10.00 will be charged upon signing of the rental contract. Occupant will be charged a disposal/disposal/ clean up fee of $100.00 50.00 if any boxes, trash, or personal items are left in or outside the storage space after vacating.