Yikes! What do you mean I have three days to pay my rent or surrender my apartment?!
Posted by cvghfl
If you have ever rented and had an emergency where you needed to pay your rent a little later than usual, you may have received one of the these notices. A Three-Day Notice to Pay or Surrender Possession serves a double purpose. It gives you a final opportunity to make your rental payment and prepares the property for the eviction process if that payment does not come in. I’ll let you in on a secret, no property manager enjoys forcefully removing a resident from their home with an eviction process. Sometimes it is necessary, but never enjoyable.
So let’s say you have received one of these letters, either by hand, or left on your door; what do you do? The obvious response is pay your rent, silly! You will notice that the letter clearly indicates the amount of rents that are currently owed, including any late or accrual fees(such as $5.00 per day after the 6th day of the month). As long as your payment is made in full before the end date on the notice, the issue is solved and you are in the clear. If for some reason you are not able to make the payment in the three day window, it is still recommended that you contact the office and discuss the issue. It may not stop the complaint for eviction being filed, but at least all parties have full knowledge of what is going to happen and maybe a resolution can be reached. Communication is the key in all of this.
“So does this mean if I surrender my apartment, I am free to leave without penalty?”
The short answer is no. The long answer is found in the Lease Agreement in Section 11 on page 2, which states that you will still be responsible for the apartment until either the unit is re-rented or until the lease ending. When you move out without paying rent in full for the entire lease term or renewal period, at our demand because you are in default, or have an eviction completed, you have breached the contract and are subject to the penalties of it.
The policy for rent has always been the same with Country View Garden Homes. All rents are due on the first of every month. We allow a grace period up to the fifth of the month. Rent is officially late on the sixth of the month and a $50.00 late fee will be assessed to all outstanding accounts. A similar policy is used across many different types of payments and the results are always the same. Credit cards, car payments, and mortgages all assess fees when you pay late. Why would renting be any different?
Posted on January 9, 2014, in Know Your Lease and tagged 3-day notices, Apartments, Country View Garden Homes, Eviction process, paying rent, rent payment, Rentals, Surrender apartment. Bookmark the permalink. Leave a comment.