New Rent Collection Policy

· All rents are due and payable, in full, on or before the first of the month. A mail slot is provided in the west hallway of the Welcome Center for the resident’s convenience when paying rent on holidays or before and after normal business hours.

· It is Company Policy not to accept any cash payments or any partial payments.

· Rent payment guidelines are as follows:

-If the resident has not paid by the time the office opens on the second (2nd), they are
considered delinquent and will be charged a late fee according to the lease agreement.

-On the forth (4th) day of the month, residents who have not paid rent will be served a written five-day notice for non-payment and charged a $25 processing fee.

-Rent received on the fifth (5th) day of the month or later must be in the form of a money order or cashier’s check.

-The eviction process will commence the day after the expiration of the five-day notice; all paperwork will be turned over to the attorney and filed in court. Legal fees will be assessed at this time.

· All rent monies, late fees and legal fees must be paid in full on or before the date listed on the court summons, to stop an eviction. Only cashier’s checks or money orders will be accepted.

· After a judgment has been received for non-payment, rent will not be accepted with out full payment of the following month.

· If the resident gives Owner two checks that are returned for non-payment in a twelve month period, all future rent must be payable by certified funds. NSF’s are subject to an additional fee as stipulated in the lease agreement along with the appropriate late fees.

· It is Company Policy not to accept third party or payroll checks.