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Updated over 2 years ago, 07/18/2022
Lease wording for discount for on time payments
Can someone help me with some legal wording for our lease regarding discount for on time payments. We are charging no late fees, but if they are on time, giving a discount. We are upping the rent by $50 and then giving them a discount for paying on time of $50 per month. I just need to know how to word that correctly. If anyone does this, and has it in their lease, I would appreciate you sharing that wording. Thank you!