Common use of Overdue Rent Clause in Contracts

Overdue Rent. If the Tenant defaults in paying Rent, the unpaid Rent bears interest at the Stipulated Rate from the due date to the date of payment.

Overdue Rent. If the Tenant defaults in paying the payment of Rent, the unpaid Rent bears interest at the Stipulated Rate from the due date to the date of paymentpayment in full at the Stipulated Rate in force on the due date. Such interest is not payable until the Landlord demands payment of it.