Dishonored Payment. Fees will be assessed for any dishonored checks, and Licensees are liable for balance due plus fees under Civil Code, Section 1719 for triple the amount of the check (a minimum of $100.00 and a maximum of $500.00) if funds necessary to cover the check are not received within 10 days following a written notice. Licensees may also have their Student Housing License revoked for non-payment of a dishonored check debt.
Dishonored Payment. In the event Tenant’s payment of Rent or other charges is dishonored by the bank, credit card company or any other institution, including for non-sufficient funds or stopped payment, Tenant shall pay Management an administrative fee of Fifty Dollars ($50.00) as a handling charge ("NSF Fee") in addition to Rent, Late Fee and any other additional fees incurred as a result of the dishonored payment. Dishonored payments shall be redeemed by cash, cashier’s check, certified check or money order. At Management’s option, Management may require Tenant to pay all future Rents and charges only by cash, cashier’s check, certified check or money order. A payment dishonored for any reason shall be considered non-payment of Rent and the Late Fee provision set forth herein shall apply.
