Sunday, June 10, 2012

Frequently Asked Questions About Rent From Around the Internet

What every tenant should know....


Rent can be on of the biggest bills in an apartment dwellers budget each month. See some questions collected from off the Internet that are most frequently asked by apartment dwellers.

"I am an resident in good standing and never complains. Can you waive my late charges on my rent? It will never happen again."

 It's unfortunate that this isn't ever an option to waive late charges. What's surprising is that there is a legal impact placed on apartment complexes verses a private landlord you may be renting a room from. Most people aren't aware that Fair Housing laws require that apartment management treat all residents equally without bias or prejudice. Good management abides by all the laws and protection of Fair Housing for the fair treatment to all their tenants.

"Is there a grace period after rent is due?"

Yes. Like most apartment complexes, with rent being due on the first of every month, The grace period  is until 5:00PM (office closing time) on the 5th. After the grace period, a $50 late rent fee is applied automatically.
If the 5th falls on a Sunday or holiday, naturally, rent is due on the next business day.
With any situation, communication with apartment management is best. Always contact management if you feel there will be an issue regarding your rental payments.

"I received a 3-day notice? I have always paid my rent on time before."
Getting notices can be alarming. There can be many reasons why rent is late, including simply forgetting to place it in the office inbox. Remember, common communication practice from apartment management, (especially with large complexes) always comes in the form of notices. When rent isn't posted to the office by the fifth, a 3-day notices will be posted as part of that communication process.
After that fifth day, proceedings with the eviction process automatically begins. You can see how important it is to communicate with management during this time. Never ignore a notice, management is always waiting to hear from the tenant to understand what the situation may be.

"I have part of my rent, can I pay that for now until I get paid again?"

Not having all the rent by the due date or consistently producing late rental payments are grounds for any resident receiving a notice to move.  Remember, communication is key with any management or landlord--if it's at all possible to work something out in a situation of partial payments on your word you'll have rent by an amended date, it's best to make sure your word is kept an not let it happen again.

"Can I pay rent online?"
Yes! Click this link to find out more: Tell me about paying my rent online!

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