You will be notified and immediate payment is expected in the form of secured funds, either money order, or cashier’s check. You will be charged with a NSF Check Fee and, if the ‘NSF’ transaction occurs after the 5th of the month, a 10% late fee will be assessed. Additionally, a civil recovery fee of up to $250 may be … Read More
When are Late Fees charged?
Unless otherwise noted in the Lease Agreement, Rent is due on the 1st of each month. If Rent is not paid by 5pm on the 14th of the month a Late Fee of 10% of the Rent amount that has not been paid will be assessed.
When is Rent due?
Unless otherwise noted in the Lease Agreement, Rent is due on the 1st of the month and must be received by the 14th of the month or it is considered late. If Rent is received after the 14th of the month, a late fee of 10% will be assessed, per the Lease Agreement, to the total rent amount due that … Read More
Can I apply my Security Deposit to my last month’s Rent?
No. Your Security Deposit is held in a separate escrow account and can only be used for outstanding charges after you vacate the property – NOT for your last month’s Rent.
How is Rent credited each month?
Rent is credited to the longest outstanding balance first. For instance, if you have an outstanding balance of $150 on the last day of the month and you pay your normal rent for the following month the next day, your payment will be credited toward the $150 delinquency first before being credited toward the following month’s rent. If you do … Read More