This bill amends section 47-16-20 of the North Dakota Century Code, which pertains to the payment of rents under various rental agreements. The bill specifies that, in the absence of a contract or customary practice to the contrary, agricultural and wild land rents are payable yearly at the end of each year, lodging rents are payable monthly at the end of each month, and other rents are payable quarterly at the end of each quarter. Additionally, it clarifies that rent for leases shorter than the specified periods is payable when the lease is terminated.

Furthermore, the bill introduces a new provision regarding the application of rental payments for lodging. It states that if a lessee's payment is insufficient to cover the outstanding rental amount and any applicable late fees or charges, the payment must first be applied to the outstanding rental amount due, unless the lessee specifies otherwise at the time of payment. This aims to provide clarity and protect the interests of lessors in the event of partial payments.

Statutes affected:
INTRODUCED: 47-16-20