Common use of NSF Fees Clause in Contracts

NSF Fees. TENANT agrees to pay LANDLORD a Non- Sufficient-Fund (NSF) fee of $35.00 or 5% of the amount of the check, (whichever is greater) for each dishonored check. TENANT agrees that any and all NSF fees shall be deemed as Additional Rent due. If TENANT'S check is dishonored, all future payments must be made by money order or cashier’s check. If LANDLORD has actual knowledge that there are insufficient funds to cover a check, rent will be considered unpaid, and LANDLORD may serve TENANT with a Three (3) Day Notice and will not be required to deposit the check. Additional Rent shall also apply on NSF checks until the date of actual payment.