How do tenants pay rent?
Tenants can pay rent by check, money order, credit card or our free auto-draft option until the 5th of the month. After the 5th of the month we will only accept rent in the form of certified funds. We also offer direct draft of the tenant’s checking account. We do not accept cash payments for rental payments.
When is rent due/considered late?
Rent is due on the 1st of the month and late on the 2nd. Rent must be in our office by the end of the business day on the 5th of the month in order to not incur additional rent. This is true even when the 5th falls on a weekend or a holiday.
If rent is paid after the 5th of the month there is additional rent that is assessed equal to $15, or 5% of the total rent, whichever is greater. Any current month rental payments received after the 5th of the month must be in the form of a certified check or money order; no personal checks will be accepted after the 5th. Additionally, all payments made after the 5th must include the applicable additional rent.
What happens when a payment is missed?
If your rent is not received on, or before, the 5th of the month, the tenant will receive a letter notifying them that they are in breach of their lease and payment must be made promptly. On the 13th of the month, a second letter will be mailed to anyone who has not paid their rent by that day. Summary Ejectment filings will be made on the 18th of each month should payment in full not be received by then.
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