Separation of church and state is paraphrased from Thomas Jefferson and used by others in expressing an understanding of the intent and function of the Establishment Clause and Free Exercise Clause of the First Amendment to the Constitution of the United States which reads: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof...
âBut if the renter is late on their rent (for a period of 30 days or more) for any reason (including legitimate reasons i.e. withholding rent because the rental does not have water or heat) it could result in a reduction in the renterâs credit score.â. How Much Rent Payments Affect Your Credit. The impact of rental payments depends on your situation, Heath explains. âApproximately 35% of your credit score is based upon your payment history,â he says. âIf your rental history is a large part of your payment history, it can have a significant effect on your credit score.
 Late Payment Penalty A landlord cannot charge interest or a penalty on late rent until 30 days after the due date. However, the landlord can begin the eviction process immediately, even if the rent is only one day overdue.The landlord also cannot use a reverse penalty clause to encourage you to pay early.ithin 30 days of receiving your deposit, the landlord must give you a receipt identifying the bankâs name and address, the account number, and the amount of the deposit. Last Monthâs Rent: You are entitled to either 5% interest or whatever lesser amount is received from the bank where your rent was held.