Rent due date and late charge
Rent is due on the 1st of each month. The lease states there is no grace period, but the late charge is assessed only when rent is received after the 5th. The late charge is $10 on the first $500 of monthly rent plus 5% of the amount over $500.00.
Returned payments
The selected lease/addenda control returned-payment charges. Confirm the applicable amount and method with Highland before signing.