When you set up automatic rent or lease payments you may be surprised at the benefits your company will receive. Not only do you receive scheduled payments, but there is an intangible benefit that is often overlooked. When tenants sign a scheduled payment authorization, they are showing a higher level of commitment to fulfilling the terms of your lease agreement.
We provide you with two types of authorization forms. One is a general payment authorization which authorizes you to debit all payments associated with your rental application or lease agreement. This can include single or recurring payments.
The second type of authorization form we provide is itemized. You can use this form for tenants that want to authorize specific payments only. We can customize these forms to suit your business needs. Using this combination of forms gives you the greatest flexibility to meet the needs of your rental business.
Another benefit to your company is that we allow you to have the tenant authorize payment of a service fee that covers the cost of the transaction fee for ACH payments. We give you a competitive estimate for the cost of your ACH program based on the volume of payments you handle. The majority of the cost for your automatic rent payment plan can be absorbed by the service fee included on your authorization forms.