A late fee of $ ________________ will be assessed if rent has not been paid by the 5th day of each calendar month, plus an additional late fee equal to $ ________________ per day shall be assessed for each day after the 5th day following the rental due date with such rent remains unpaid. Notwithstanding the foregoing, the rent is due on the 1st day of each calendar month, and Resident shall be deemed to be, at the election of Owner, in default of this Lease if the rent is not paid by the 1st day of each calendar month