The bill amends section 47-16-20 of the North Dakota Century Code, which pertains to the payment of rents under various rental agreements. It specifies that 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 for leases shorter than the specified periods, rent is due when the lease is terminated.

Furthermore, the bill introduces a new provision regarding the application of rental payments for lodging. 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 unless the lessee specifies otherwise at the time of payment. This change aims to provide clarity on how payments are allocated in situations of insufficient funds.

Statutes affected:
INTRODUCED: 47-16-20