RENT COMMENCEMENT 

For an open location, the monthly fee begins seven days after the space has been purchased. For new locations, the monthly fee begins on Opening Day. Thereafter, the monthly fee is due on the 1st of each month. Painted Tree will deduct the monthly fee and commission from the sales of the previous month. The remaining payment will be ready by the seventh business day of the month via standard payment method. 

LATE PAYMENTS 

If the Shop Owner owes a balance, Painted Tree will attempt to charge the account on file. If the payment method is declined, the Shop Owner will receive an invoice by email and have seven days to pay it. If payment isn’t made within ten days, a 10% late fee will be added, and point-of-sale access will be restricted. In addition, Painted Tree reserves all other rights, including, without limitation, the right to terminate the non-exclusive license to use the allocated space. Any property left behind will be disposed of at the Shop Owner’s expense and Painted Tree shall have a lien on all property of Shop Owners within the allocated space to secure performance of Shop Owners.