Yes – if any rent or other money payable by the Tenant to the Landlord under the provisions of the tenancy agreement shall not be paid on the day on which it becomes due the same shall be payable with interest thereon at a rate of 8 per centum above the reference rate for the period in which the outstanding amount becomes due calculated on a day to day basis from the day upon which it became due down to the date of payment. The reference rate is based on the Bank of England base rate.

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