The following language is absolutely essential in a Landord's lease: "TENANT HEREBY WAIVES NOTICE OF NONPAYMENT OF RENT." Put this in at least 12 point font in bold and have the tenant(s) initial this section upon signing the lease.
Acceptance of Payment with a Full Reservation of Rights
The following language is a "must have" in the lease, on all receipts given to tenant(s), and under the endorsement on the rent checks: "Acceptance of Payment with a Full Reservation of Rights."
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