For all Port tenants, lease rent is paid in advance and due monthly on or before the first of each month. If your rent is not received by close of business on the 15th day of the month, the Canaveral Port Authority will send you a certified default letter. If this occurs, we hope that you will make every effort to bring your account up to date and we encourage you to contact us about the problem. If you have not brought the account current, including any late fees and penalties, by the close of business on the first day of the following month, you will be considered to be in default and the lease will be placed on that month's Commission agenda for termination.