Payment Terms
PAYMENT TERMS:
Guest shall pay the Rate and all other applicable charges and fees pursuant to this Agreement on a weekly basis, in advance and without demand, beginning on the Effective Start Date of this Agreement and thereafter on or before the Payment Deadline each week during the Term. All charges must be paid by 12pm (noon) without deduction or offset and in advance of the next week of the Term. All rates herein for any Renewal Term (including, without limitation, the Rate) are subject to change without advance notice.
PAYMENT INFORMATION:
Unless waived by Management, in Management’s sole discretion, Guest will provide Management with information for either a valid credit card, debit card, or ACH authorization to keep on file. The information will be used by Management if Management must charge Guest more than the security deposit for cleaning or repairing the Licensed Unit or the Property due to a Guest Default, or if Guest vacates the Licensed Unit without paying Management the total amount due under this Agreement. If Management uses the information for the reasons described above, Management will provide Guest a statement of account listing the charges at the address noted herein and, if requested by Guest in writing, via email to the address provided by Guest.
PAYMENT METHODS:
All payments for Licensed Units, electric bills, deposits, and other charges can be paid digitally via Zelle or at the Payment Kiosk machine located in the laundry building by money order, cashier’s check, and cash. Cashiers’ checks and money orders shall be made payable to: Gated Rentals Property Management, LLC. Payments are not refundable when the Guest leaves any time before the final day of the applicable Term. Should Management elect to make ACH Money Transfers mandatory, Guest is required by this Agreement to authorize ACH Money Transfers or terminate this Agreement and vacate the Property. Management does not accept checks of any kind other than a cashier’s check and does not accept partial payments. Guest agrees to updated terms when paying digitally, which will be available in the office or on the Payment Kiosk digital display. If any other form of electronic payment is accepted by Management in the future, Guest will be notified by a notice on or near the Payment Kiosk.
PAYMENT DEFAULT :
If Guest has not made their payment of the applicable Rate and all other charges and fees due hereunder by the applicable Payment Deadline (a “Payment Default”), Guest may be required to vacate the Property immediately. Upon Management’s prior written approval, Guest may cure such Payment Default by making payments in full, including late fees and any other charges assessed pursuant to this Agreement and applicable law.
LATE FEES:
Upon Payment Default, a daily late fee prorated at 10% of the Rate based on the number of days elapsed will be assessed, not to exceed the maximum amount allowed by law.
DISCONNECT :
Upon Payment Default, Guest acknowledges and agrees that Management has the right to disconnect all services to the Guest, including but not limited to electricity, water, and gate access to the Property, and agrees to pay all termination fees including legal, towing, maintenance, repairs, etc., related to the removal of the Guest.
VEHICLE TOWING :
Upon Payment Default or termination of Agreement, all Guest vehicles will lose authorized registered status and be subject to towing at the vehicle owner’s expense. If Guest vehicle is towed, please call the towing number posted at the Property.