Common use of Penalty Payment Clause in Contracts

Penalty Payment. If the rent is not received in full by the first of the month (or the due date recorded above) then the Landlord will usually employ the option of imposing a late fee. Report the final date of the month that rent can be paid by the Tenant if not on time without receiving this penalty. Generally, this is known as a grace period. (13)

Penalty Payment. If the rent is not received in full by the first of the month (or the due date recorded above) then the Landlord will usually employ the option of imposing a late fee. Report the final date of the month that rent can be paid by the Tenant if not on time without receiving this penalty. Generally, this is known as a grace period. (13).

Penalty Payment. If the rent is not received in full by the first of the month (or the due date recorded above) then the Landlord will usually employ the option of imposing a late fee. Report the final date of the month that rent can be paid by the Tenant if not on time without receiving this penalty. Generally, this is known as a grace period. (13).

Penalty Payment. If the rent is not received in full by the first of the month (or the due date recorded above) then the Landlord will usually employ the option of imposing a late fee. Report the final date of the month that rent can be paid by the Tenant if not on time without receiving this penalty. Generally, this is known as a grace period. (13).