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Is ClearNow a guaranteed method of successful rent collection?

April 26, 2017clearnow collection guaranteed method rent successful

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Is ClearNow a guaranteed method of successful rent collection?

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No. Using ClearNow for rent collection does not guarantee that property managers/landlords will successfully collect rent electronically from tenants every month. Tenants must have sufficient funds in their bank account for ClearNow to collect successfully. Additionally, ClearNow will only process rents with the consent of both the property manager/landlord and the tenant. The property manager/landlord or the tenant may stop the upcoming debit prior to each month’s deadline.