Rent, Payment and Fees FAQs

• When is rent due?
• I didn't receive a bill for my rent. Is it due?
• How may I pay rent?
• Is there a grace period before late fees are applied?
• I've paid my share of rent, but my roommates haven't. Am I still responsible?
• How much is the damage deposit?
• Can my damage deposit be applied to rent?
• When are damage deposits refunded?

Q. When is rent due?
A. All rent is due on or before the first of every month. If rent is not in our office by the first of the month, regardless of postdate, a late fee of 5% of the total monthly rent will be accessed. If the first falls on a Sunday or holiday, rent is due by the next business day. For your convenience, a 24-hour drop box is located outside our front door (No envelope is required).
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Q. I didn't receive a bill for my rent. Is it due?
A. Yes, rent is due on the first of every month. We do not bill our tenants directly.
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Q. How may I pay rent?

A. We DO NOT accept payment by credit card, debit card or cash.

We will accept the following methods of payment for rent:

• Personal Check
• Cashiers Check
• Travelers Check
• Money Order

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Q. Is there a grace period before late fees are applied?
A. No. 5% of the total monthly lease rent will be accessed on the second of the month.
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Q. I've paid my share of rent, but my roommates haven't. Am I still responsible?
A. Yes, you are. All of our leases are joint tenancies. This means that everyone on the lease is EQUALLY RESPONSIBLE for all fees, penalties and payments.
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Q. How much is the damage deposit?
A. The damage deposit is equal to one month rent including extras such as parking, internet, etc...
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Q. Can my damage deposit be applied to rent?
A. No. Damage deposits are to pay for any damages that occur during the lease term.
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Q. When are damage deposits refunded?
A. Minus any charges, damage deposits are mailed out 30 days after the lease ending date.