Auto Draft Authorization Form
Rent is to be paid in advance by automatic draft from your checking account. Rent prices are based on this system of payment. Handling paper money may result in additional costs to the resident. Personal checks are not accepted. This form acts a official notice for all future payments due.
Resident is responsible to communicate to Management any changes in his/her account and allow 48 hours for changes. Cancelling the account or placing a stop order while monies are due to management will result in a $50 NSF fee and is considered a breach of this lease contract.
Auto Draft Payment Terms
In consideration of extending credit, (i.e. unpaid rent, repairs, etc) we reserve right to deposit a bank draft to pay past due and other unpaid invoices & late fees. If bank draft(s) are returned for any reason you agree to pay a $50 NSF fee plus late fees. These terms supersede all other previous verbal or written agreements between parties. If you do not agree with these terms or lack authority to accept them, return goods (or vacate property) within 10 days to Point of Origin. Cancelling this account or placing a stop order while monies are due to management is considered a breach of this lease and a crime with possible jail time.