Is it true that rent is payable without demand at the time and place agreed upon?

Study for the South Carolina Property Management License Exam. Access flashcards and multiple-choice questions with comprehensive hints and explanations. Prepare effectively for your certification!

Rent is indeed payable without demand at the time and place agreed upon, an essential principle in lease agreements. This means that tenants are obligated to pay rent as specified in the lease, regardless of whether the landlord reminds them of this obligation. Such stipulation is important as it establishes clarity and reliability in the landlord-tenant relationship, ensuring that the landlord can expect timely payments without needing to follow up or send reminders to the tenant.

This understanding is grounded in contract law, where parties are required to adhere to the agreements they've made. By agreeing to pay rent on a specific date and in a specific location, both the landlord and tenant recognize their responsibilities, fostering a smooth transaction process and reducing potential disputes regarding payment deadlines or expectations.

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