Common use of AUTOMATIC RENTAL PAYMENTS Clause in Contracts

AUTOMATIC RENTAL PAYMENTS. GUARANTOR AGREEMENT, FINANCIAL AID OR PROOF OF INCOME All Tenants must choose one of the following options to sign up for: an automatic monthly draft (credit card/debit card or checking account), have a parental guarantor, proof of income, or financial aid promissory note. Tenants wishing to pay via automatic monthly draft must complete the appropriate (credit card or checking account) draft form authorizing Xxxxxxx Properties to withdraw the monthly rental rate from the chosen account each month until the expiration of the Lease Term. The draft forms must be completed online at xxx.xxxxxxxxxxxxxxxxx.xxx no later than one week after signing the lease. Xxxxxxx Properties is not responsible for any overdraft fees that occur from this monthly withdrawal. Tenants that stop the monthly draft without providing another guarantee of payment will be in violation of the lease and subject to magistrate court for eviction. Tenants having an approved guarantor may pay their monthly rent by way of check, debit/credit card, money order or online payment. The Tenant and the Guarantor will be obligated to ensure prompt payment of all Base Rent and Additional Rent. If the Tenant or the Guarantor are in violation of the lease agreement, or the rules and regulations of the development or Landlord, or if the lease is not fulfilled in its entirety, both the Tenant and the Guarantor may be named in and subject to all court proceedings, judgments and collection claims. All remedies against the Tenant shall apply to the Guarantor as well. It is not necessary for the Guarantor to sign the lease or to be named in the lease so long as a separate guarantor agreement is signed. Tenants wishing to pay with financial aid must complete a promissory note to Xxxxxxx Properties, Inc. or its assignee that states their rent will be paid with two payments, each covering one-half (1/2) of the Lease Term. In the event that the Tenant fails to make any payment due under the terms of the promissory note, the entire balance of the Promissory Note, including all Base Rent and Additional Rent owed pursuant to the Lease and any late fees accrued thereon shall be immediately due and payable to Xxxxxxx Properties. Tenants using proof of income must provide W2, tax returns, 3 pay stubs or 2 months of bank statements. Monthly income must be 3 times the amount of monthly rent. A returned payment fee of $35 will be added for each returned payment. A personal check will not be accepted as payment to replace a returned payment. If a Tenant has a returned payment, Xxxxxx agrees that the Landlord may require all future payments to be made only by Certified Check, Money Order, or Debit/Credit Card. If Tenant's financial institution returns Tenant's rental payment and causes the rental payment to be late, Tenant shall also be responsible for all applicable late charges.

AUTOMATIC RENTAL PAYMENTS. GUARANTOR AGREEMENT, FINANCIAL AID OR PROOF OF INCOME All Tenants must choose one of the following options to sign up for: an automatic monthly draft (credit card/debit card or checking account), have a parental guarantorguarantor (required on all student leases regardless of method of payment), proof of income, or financial aid promissory note. Failure to provide approved financial documentation does not affect the Tenant’s legal or financial obligation to this lease agreement. The lease is still enforceable. The Landlord reserves the right to cancel this lease agreement if Tenant fails to provide proper financial documentation within seven (7) of signing the contract. If financial qualifications are changed throughout the lease term, the tenant must notify the office when new forms are filled out and must email the accounts manager. Tenants wishing to pay via automatic monthly draft must complete the appropriate (credit card or checking account) draft form authorizing Xxxxxxx Properties to withdraw the monthly rental rate from the chosen account each month until the expiration of the Lease Term. The draft forms must be completed online at xxx.xxxxxxxxxxxxxxxxx.xxx no later than one week after signing the lease. Xxxxxxx Properties is not responsible for any overdraft fees that occur from this monthly withdrawal. If for any reason a Tenant’s automatic draft should not go through, it is not the responsibility of Xxxxxxx Properties to make demand for payment. Tenants that stop the or have an invalid monthly draft without providing another guarantee of payment will be in violation of the their lease and subject to a $100 fine for each rental installation that they are out of compliance, and may be sent to magistrate court for eviction. Any requests to make changes to automatic drafts must be submitted to Xxxxxxx Properties not later than five (5) business days before the next rental due date. Tenants having an approved guarantor may pay their monthly rent by way of check, debit/credit card, money order or online payment. The Tenant and the Guarantor will be obligated to ensure prompt payment of all Base Rent and Additional Rent. If the Tenant or the Guarantor are in violation of the lease agreement, or the rules and regulations of the development or Landlord, or if the lease is not fulfilled in its entirety, both the Tenant and the Guarantor may be named in and subject to all court proceedings, judgments and collection claims. All remedies against the Tenant shall apply to the Guarantor as well. It is not necessary for the Guarantor to sign the lease or to be named in the lease so long as a separate guarantor agreement is signed. Tenants wishing to pay with financial aid must complete a promissory note to Xxxxxxx Properties, Inc. Properties or its assignee that states their rent will be paid with two payments, each covering one-half (1/2) of the Lease TermContract Amount, including all Premiums. In the event that If the Tenant fails to make any payment due under the terms of the promissory note, the entire balance of the Promissory Note, including all Base Rent the entire Contract Amount and Additional Rent Amounts owed pursuant to the Lease and any late fees accrued thereon shall be immediately due and payable to Xxxxxxx Properties. Tenants using proof of income must provide their most recent W2, tax returns, 3 consecutive pay stubs stubs, or 2 months of bank statements. Monthly Gross monthly income must be 3 times the amount of monthly rent. A returned payment fee of $35 will be added for each returned payment. A personal check will not be accepted as payment to replace a returned payment. If a Tenant has a returned payment, Xxxxxx agrees that the Landlord may require all future payments to be made only by Certified Check, Money Order, or Debit/Credit Card. If Tenant's financial institution returns Tenant's rental payment and causes the rental payment to be late, Tenant shall also be responsible for all applicable late charges.

AUTOMATIC RENTAL PAYMENTS. GUARANTOR AGREEMENT, FINANCIAL AID OR PROOF OF INCOME All Tenants must choose one of the following options to sign up for: an automatic monthly draft (credit card/debit card or checking account), have a parental guarantor, proof of income, or financial aid promissory note. Failure to provide approved financial documentation does not affect the Tenant’s legal or financial obligation to this lease agreement. The lease is still enforceable. The Landlord reserves the right to cancel this lease agreement if tenant fails to provide proper financial documentation within seven (7) of signing the contract. Tenants wishing to pay via automatic monthly draft must complete the appropriate (credit card or checking account) draft form authorizing Xxxxxxx Properties to withdraw the monthly rental rate from the chosen account each month until the expiration of the Lease Term. The draft forms must be completed online at xxx.xxxxxxxxxxxxxxxxx.xxx no later than one week after signing the lease. Xxxxxxx Properties is not responsible for any overdraft fees that occur from this monthly withdrawal. If for any reason a Tenant’s automatic draft should not go through, it is not the responsibility of Xxxxxxx Properties to make demand for payment. Tenants that stop the monthly draft without providing another guarantee of payment will be in violation of the their lease and subject to a $100 fine for each rental installation that they are out of compliance, and may be sent to magistrate court for eviction. Tenants having an approved guarantor may pay their monthly rent by way of check, debit/credit card, money order or online payment. The Tenant and the Guarantor will be obligated to ensure prompt payment of all Base Rent and Additional Rent. If the Tenant or the Guarantor are in violation of the lease agreement, or the rules and regulations of the development or Landlord, or if the lease is not fulfilled in its entirety, both the Tenant and the Guarantor may be named in and subject to all court proceedings, judgments and collection claims. All remedies against the Tenant shall apply to the Guarantor as well. It is not necessary for the Guarantor to sign the lease or to be named in the lease so long as a separate guarantor agreement is signed. Tenants wishing to pay with financial aid must complete a promissory note to Xxxxxxx Properties, Inc. Properties or its assignee that states their rent will be paid with two payments, each covering one-half (1/2) of the Lease TermContract Amount, including all Premiums. In the event that If the Tenant fails to make any payment due under the terms of the promissory note, the entire balance of the Promissory Note, including all Base Rent the entire Contract Amount and Additional Rent Amounts owed pursuant to the Lease and any late fees accrued thereon shall be immediately due and payable to Xxxxxxx Properties. Tenants using proof of income must provide their most recent W2, tax returns, 3 consecutive pay stubs stubs, or 2 months of bank statements. Monthly Gross monthly income must be 3 times the amount of monthly rent. A returned payment fee of $35 will be added for each returned payment. A personal check will not be accepted as payment to replace a returned payment. If a Tenant has a returned payment, Xxxxxx agrees that the Landlord may require all future payments to be made only by Certified Check, Money Order, or Debit/Credit Card. If Tenant's financial institution returns Tenant's rental payment and causes the rental payment to be late, Tenant shall also be responsible for all applicable late charges.

AUTOMATIC RENTAL PAYMENTS. GUARANTOR AGREEMENT, FINANCIAL AID OR PROOF OF INCOME All Tenants must choose one of the following options to sign up for: an automatic monthly draft (credit card/debit card or checking account), have a parental guarantor, proof of income, or financial aid promissory note. Failure to provide approved financial documentation does not affect the Tenant’s legal or financial obligation to this lease agreement. The lease is still enforceable. The Landlord reserves the right to cancel this lease agreement if tenant fails to provide proper financial documentation within seven (7) of signing the contract. Tenants wishing to pay via automatic monthly draft must complete the appropriate (credit card or checking account) draft form authorizing Xxxxxxx Properties to withdraw the monthly rental rate from the chosen account each month until the expiration of the Lease Term. The draft forms must be completed online at xxx.xxxxxxxxxxxxxxxxx.xxx no later than one week after signing the lease. Xxxxxxx Properties is not responsible for any overdraft fees that occur from this monthly withdrawal. If for any reason a Tenant’s automatic draft should not go through, it is not the responsibility of Xxxxxxx Properties to make demand for payment. Tenants that stop the monthly draft without providing another guarantee of payment will be in violation of the lease and subject to magistrate court for eviction. Tenants having an approved guarantor may pay their monthly rent by way of check, debit/credit card, money order or online payment. The Tenant and the Guarantor will be obligated to ensure prompt payment of all Base Rent and Additional Rent. If the Tenant or the Guarantor are in violation of the lease agreement, or the rules and regulations of the development or Landlord, or if the lease is not fulfilled in its entirety, both the Tenant and the Guarantor may be named in and subject to all court proceedings, judgments and collection claims. All remedies against the Tenant shall apply to the Guarantor as well. It is not necessary for the Guarantor to sign the lease or to be named in the lease so long as a separate guarantor agreement is signed. Tenants wishing to pay with financial aid must complete a promissory note to Xxxxxxx Properties, Inc. Properties or its assignee that states their rent will be paid with two payments, each covering one-half (1/2) of the Lease TermContract Amount, including all Premiums. In the event that the Tenant fails to make any payment due under the terms of the promissory note, the entire balance of the Promissory Note, including all Base Rent the entire Contract Amount and Additional Rent Amounts owed pursuant to the Lease and any late fees accrued thereon shall be immediately due and payable to Xxxxxxx Properties. Tenants using proof of income must provide their most recent W2, tax returns, 3 consecutive pay stubs or 2 months of bank statements. Monthly income must be 3 times the amount of monthly rent. A returned payment fee of $35 will be added for each returned payment. A personal check will not be accepted as payment to replace a returned payment. If a Tenant has a returned payment, Xxxxxx agrees that the Landlord may require all future payments to be made only by Certified Check, Money Order, or Debit/Credit Card. If Tenant's financial institution returns Tenant's rental payment and causes the rental payment to be late, Tenant shall also be responsible for all applicable late charges.