Monthly Due Date definition
Examples of Monthly Due Date in a sentence
The Premises shall be deemed to be abandoned by Tenant, if after a failure by Tenant to fully pay an installment of rent within 15 days of Monthly Due Date and after the date of service of a written notice on Tenant demanding that Tenant either pay the outstanding amount or quit the Premises, or Tenant has been absent from the Premises for a period of 15 days after Monthly Due Date without contacting the Landlord or curing said payment default.
Therefore, if any Monthly Rate is received after DAYS from the Monthly Due Date, Occupant shall pay to Owner a FIRST LATE FEE for each month rent is past due.
If rent is not paid within 30 days after Monthly Due Date, then an additional late charge of $200.00 shall become due and payable forthwith in addition to any unpaid rent.
Furthermore, if any Monthly Rate is received after DAYS from the Monthly Due Date, a SECOND LATE FEE will be assessed for each Monthly Rate is past due.
In the event that the rent is not paid within 15 days of the Monthly Due Date, then Landlord reserves the right to begin eviction proceedings by sending a notice to quit.