Common use of Rent Collection Policy Clause in Contracts

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 www.southcampuscommons/residents. It is the tenant’s responsibility to contact management if the tenant experiences difficulty with registering or accessing the resident portal. • 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, 0000 Xxxxxx Xxxx., Xxxxx 0000 Xxxxxxx Xxxx, XX 00000 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 XXX Xxxxxxxx 0, Xxxxxxxx 0 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. • 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. • 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 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. • 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 Tenant’s Initials 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 rent payment not paid when due will be reasonable grounds for termination and/or non-renewal of lease. 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. All twelve 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 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 invoices, or statements will be sent. • The resident portal is accessible online via www.southcampuscommons/residentsxxx.xxxxxxxxxxxxx.xxx/xxxxxxxxx. It is the tenant’s responsibility to contact management if the tenant experiences difficulty with registering or accessing the resident portal. • 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 day or non-business day or else a late fee will be assessed to Tenant’s account. • Rent payments for South Campus Commons The Courtyards shall be made payable to “South Campus CommonsThe Courtyards at UMD” and mailed or delivered to South Campus CommonsThe Courtyards, 0000 Xxxxxx Xxxx., Xxxxx 0000 Xxxxxxx Xxxx, XX 00000 College Park, MD 20740 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 XXX Xxxxxxxx 0, Xxxxxxxx 0 and Building 6 near the Service Desks. • Rent Installments Installment 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. • 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 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. • If any 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 day 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 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. • 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 Tenant’s Initials 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 checks, or money orders will be accepted. • Any rent payment Rent Installment Payment not paid when due will be reasonable grounds for termination and/or non-renewal of lease. • 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. 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 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 invoices, or statements will be sent. • The resident portal is accessible online via www.southcampuscommons/residents. It xxx.xxxxxxxxxxxxx.xxx/xxxxxxxxxXx is the tenant’s responsibility to contact management if the tenant experiences difficulty with registering or accessing the resident portal. • It is the Tenantpayee’s sole responsibility to ensure that all electronic 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 day or non-business day or else a late fee will be assessed to Tenant’s account. • Rent Rental payments for South Campus Commons The Courtyards shall be made payable to “South Campus CommonsThe Courtyards” and mailed or delivered to South Campus CommonsThe Courtyards, 0000 Xxxxxx Xxxx., Xxxxx 0000 Xxxxxxx Xxxx, XX 00000 College Park, MD 20740 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 Rent payment drop boxes are box is available in XXX Xxxxxxxx 0, Xxxxxxxx 0 and Building 6 near the Service DesksThe Courtyards’ Clubhouse Vestibule. • 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. • 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 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. • If any 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 day 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 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. • 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 Tenant’s Initials 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 Tenant’s Initials 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 rent payment not paid when due will be reasonable grounds for termination and/or non-renewal of lease. • 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%) percent of the total amount remaining due will be added to the original balance.

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 www.southcampuscommons/residents. It is the tenant’s responsibility to contact management if the tenant experiences difficulty with registering or accessing the resident portal. • It is the Tenantpayee’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-non- business day or else a late fee will be assessed to Tenant’s account. • Rent Rental payments for South Campus Commons shall be made payable to “South Campus Commons” and mailed or delivered to South Campus Commons, 0000 Xxxxxx Xxxx., Xxxxx 0000 Xxxxxxx Xxxx, XX 00000 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 Rent payment drop boxes are available in XXX Xxxxxxxx 0, Xxxxxxxx 0 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. • 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. • 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 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. • 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 Tenant’s Initials 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 rent payment not paid when due will be reasonable grounds for termination and/or non-renewal of lease. 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.  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 www.southcampuscommons/residents. Portal registration is not available until after the first day of the first month of lease commencement. Portal access cannot be granted prior to the first installment due date. Therefore, Tenant must remit the first rental installment (due August 1) via check or money order. Payments may be mailed or brought to: 0000 Xxxxxx Xxxx, Xxxxx 0000, Xxxxxxx Xxxx, XX 00000. Payment drop boxes are accessible 24 hours a day in South Campus Commons Buildings 1, 3, and 6. It is the tenant’s responsibility to contact management if the tenant experiences difficulty with registering or accessing the resident portal. •  It is the Tenantpayee’s sole responsibility to ensure that all electronic 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  Rental payments for South Campus Commons shall be made payable to “South Campus Commons” and mailed or delivered to South Campus Commons, 0000 Xxxxxx Xxxx., Xxxxx 0000 Xxxxxxx Xxxx, XX 00000 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 Rent payment drop boxes are available in XXX Xxxxxxxx 0, Xxxxxxxx 0 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. •  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. •  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 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. • Tenant’s Initials  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 Tenant’s Initials 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 rent payment not paid when due will be reasonable grounds for termination and/or non-renewal of lease. 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%) percent of the total amount remaining due will be added to the original balance.

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 www.southcampuscommons/residents. Portal registration is not available until after the first day of the first month of lease commencement. Portal access cannot be granted prior to the first installment due date. Therefore, Tenant must remit the first rental installment (due August 1) via check or money order. Payments may be mailed or brought to: 0000 Xxxxxx Xxxx, Xxxxx 0000, Xxxxxxx Xxxx, XX 00000. Payment drop boxes are accessible 24 hours a day in South Campus Commons Buildings 1, 3, and 6. It is the tenant’s responsibility to contact management if the tenant experiences difficulty with registering or accessing the resident portal. • It is the Tenantpayee’s sole responsibility to ensure that all electronic 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 Rental payments for South Campus Commons shall be made payable to “South Campus Commons” and mailed or delivered to South Campus Commons, 0000 Xxxxxx Xxxx., Xxxxx 0000 Xxxxxxx Xxxx, XX 00000 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 Rent payment drop boxes are available in XXX Xxxxxxxx 0, Xxxxxxxx 0 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. • 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. • 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 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. Tenant’s Initials • 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 Tenant’s Initials 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 rent payment not paid when due will be reasonable grounds for termination and/or non-renewal of lease. 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%) percent of the total amount remaining due will be added to the original balance.