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Payment made beyond the Due Date shall incur a late fee. Late fees shall be levied on the rental due amount only.
The discounted rent shall be paid before the 5th of every month. If, fail to do so than on 6th-day basic rent shall be applied, which is mentioned on the website till the 10th day. The late fees shall be applied three (3) times each month; 10% on the 11th day of the month, another 5% on the 18th day of the month and another 5% on 25th day of the month, the late fees shall be applied only on the pending amount.
In case the Products are delivered after the 15th of the month, the first month shall be calculated on a pro-rata basis from the date of delivery until the last day of the first month. If delivered between 01st to 14th of the month then monthly rent shall be applicable and the adjustments shall be done at the end of the contract.