The rent is due on the 1st of the month and is considered late after the 5th of the month. If Landlord elects to accept a late payment, as of 4pm on the 5th day of the month, a late fee of $50 shall be assessed to the Resident. At 4pm on the 15th day of the month, the late fee will increase to $100.
You will be invoiced at the beginning of the month. After the 5th if your rent is not paid, you will receive another invoice with a late fee added to it.