§ 1504 Payment Offer Stops Interest

• •An offer of payment stops interest from running.
• •It works even if you haven't transferred ownership yet.
• •The offer is treated like full performance for legal purposes.

You owe your landlord $1,200 for rent. You give the landlord a certified check for $1,200, but the check hasn't cleared yet.

Because you made a proper offer of payment, the clock for adding interest to the rent stops at the moment you sent the check, even though the landlord hasn't yet received the money.