Rent Collection Policy Clause Samples

Rent Collection Policy. All twelve Installments of Total Base Rent are due and payable as set forth by the Lease on or before the first (1st) day of each month by cashier’s check, certified check, personal check, credit card, electronic funds transfer, or money order. Bank drafts are available only for use with checking accounts. • The online portal is ONLY available for current tenants to submit electronic payments. Electronic payments submitted online via the portal, over the phone, or in person incur a service fee. The service fee will be waived for bank draft transactions. No bills, invoices or statements will be sent. • It is the Tenant’s sole responsibility to ensure that all payments are submitted without error and sufficient funds are available by the 10th day of each month by 5:00 p.m., no matter if it is a business or non-business day or else a late fee will be assessed to Tenant’s account. • Rent payments for South Campus Commons shall be made payable to “South Campus Commons” and mailed or delivered to South Campus Commons, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ in time to be received by the 10th day of the month or paid at the management office of the same address Monday through Friday during business hours. Payment drop boxes are available in ▇▇▇ ▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇ ▇ and Building 6 near the Service Desks. • Rent Installments must be paid in full. Partial payments, incomplete (lacking amount, signature, Tenant’s first and last name, and Tenant’s unit) checks and post-dated checks are not acceptable, and improperly written checks are not acceptable and may be mailed back to the address of record for the Tenant. If such payment is submitted, the Tenant is responsible for any resultant late fees, NSF fees, and bank fees that may result. Please write your full name and the complete address of your Premises in the memo section of the check. • If any Installment of Total Base Rent is not paid in full by the first (1st) day of the month at 5:00 p.m., no matter if it is a business or non-business day, legal action may be taken to collect same and/or to recover possession of the Premises. The cost for all such actions will be charged to the • Checks will only be submitted to the issuing bank once for payment. If Tenant’s bank returns a check for non-sufficient funds (NSF), Tenant is required to repay the amount of the check and all additional • Any rent payment not paid when due will be reasonable grounds for termination and/or non-renewal of lease.

Rent Collection Policy. All Twelve Installments of Total Base Rent are due and payable as set forth by the Lease on or before the first (1st) day of each month by cashier’s check, certified check, personal check, credit card, electronic funds transfer, or money order. Bank drafts are available only for use with checking accounts. • The online portal is only available for current tenants to submit electronic payments. Electronic payments submitted online via the portal, over the phone, or in person incur a service fee. The service fee will be waived for bank draft transactions. No bills, invoices, or statements will be sent. • The resident portal is accessible online via ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇. It is the tenant’s responsibility to contact management if the tenant experiences difficulty with registering or accessing the resident portal. • There will be a five percent (5%) late fee charged to Tenant’s rental account for any unpaid installment of Base Rent or portion thereof, owed, or paid AFTER the tenth (10th) day of the month by 5:00 p.m. Late charges are considered to be and are collectable as additional rent. Late fees will apply despite weekends or holidays during which the management office is closed. Management is not responsible for payments delayed or lost in the mail. Tenant’s account. Personal checks will not be accepted for payment once legal action has been filed. In such event, the balance must be paid by cashier’s check, certified check or money order only. charges immediately upon notification. All returned checks are charged a twenty-five dollar ($25.00) returned check fee, in addition to the five percent (5%) late charge (if repayment is received after the 10th day of the month). After two (2) NSF checks, personal checks may no longer be accepted from Tenant; only cashier’s checks, certified checks, or money orders will be accepted. • Any balance left unpaid for thirty (30) days following the lease expiration date may be submitted to a collection agency. In such event, a collection expense of thirty percent (30%) of the total amount remaining due will be added to the original balance.

Rent Collection Policy. The following Rent Collection Policy of the City of Pekin Housing Authority is, by reference, incorporated into the Lease Agreement.

Rent Collection Policy. The following Rent Collection Policy is incorporated by reference and made a part to the Lease between Landlord and Tenant.