How and when are rents and security deposits collected?
First of all, all rents coming due after the move-in date are due and payable, in full, on the first day of every month. When a tenant takes possession of a rental home on any day other than the first day of a month, Advantage Pointe Properties collects the prorated amount of rent due (calculated on a 365 day calendar year) for that month. In addition, if the move-in date is on the 20th of the month or later, Advantage Pointe Properties collects the full rent amount due for the following month. Seven days before rent is due, tenants are mailed or e-mailed, if they have an e-mail address, a statement of their account and a friendly reminder that rent is due on the first. If mailed, a SASE is included for the submission of rent. Rents may be paid electronically, by mail or in person. Security deposits are collected in an amount equal to one month’s rent. A pet deposit of $250 per pet is collected when necessary. Advantage Pointe: Advantage Pointe Properties collects all rents for the per
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