What happens when rent is not paid on time?
All rents due after the move-in date are due and payable, in full, on the first day of every month. If rent has not been paid by the close of business on the 3rd day of the month, the tenant is assessed a late fee of 10% of the gross amount of rent due and sent a demand notice to pay rent or surrender the property. When collected, 50% of all late fees assessed the tenant are credited to the owner’s account. When rent remains unpaid after the 3rd of the month, the property manager will mail and, if possible, e-mail to the tenant a 3 Day Notice to Pay Rent or Surrender the Property. In addition, the property manager will attempt to make phone contact with the tenant and, should that attempt be unsuccessful, the property manager will post a copy of the demand notice on the front door of the property. If the tenant has not paid rent by the deadline noted in the demand notice, Advantage Pointe Properties will take legal action to evict the tenant, whether or not the tenant has made payment
