Discount Rent Agreement It is understood by all parties that to take advantage of the PRE-PAYMENT RENTAL DISCOUNT, the rent must be paid before the first of the month. The rent must be received by three (3) or more days before the first of the month. Failure to receive the payment because of poor mail delivery, holidays, etc., will not be accepted as a reason for late payment. You will be charged the contract amount.
If rent is received by three (3) days or more before the first day of the month you may deduct the amount of the pre-payment discount listed below off the regular rent amount. If paid on the first to the fourth of the month, your rent is the regular contract monthly amount. Starting with the fifth day of the month, and until all delinquent rent charges plus all late fees are paid in full, you will be charged a ___________________ DOLLARS PER DAY ($_________) LATE FEE. These charges will continue to accumulate even if an eviction notice and action has been taken. All late and current charges must be paid in full to stop the additional late payment charges.
REGULAR MONTHLY RENT IF PAID ON THE FIRST TO THE FOURTH OF THE MONTH:
$_______________
Pre-payment Discount if paid before the 1st. of the month:
$______________
Rental amount due with discount:
$______________
MONTHLY RENT IF PAID AFTER THE FOURTH OF THE MONTH:
Regular monthly rental amount:
$ _________
$________ per day late fee if paid after the 4th day
of the month: Number of days ______ X $____ = $ _______
Rental amount due with late fee
$ _______
I HAVE READ THE ABOVE AND I AM IN FULL AGREEMENT WITH IT.
Resident ________________________________________ Date__________
Resident ________________________________________ Date __________
Manager ________________________________________ Date __________ This document and accompanying materials are designed to provide authoritative information in regard to the subject matter covered in it. It is for illustration purposes only and presented with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional opinions. If legal advice or other expert assistance is required, the services of a competent professional should be sought. |
