The yearly subscription fee falls due during the month of May and the latest payment date is the 1st June, annually. A late penalty fee of 2% per month, compounded monthly, shall apply. Non payment and late payment shall result in that account being suspended until payment has been made. Although Accommodation Swap sends out annual subscription renewal notices all members are personally responsible for ensuring that their fees have been renewed during the month of May even though they did not receive the renewal notices for whatever reason.