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Can I Set Up a Rent Payment Plan?

  • Writer: Christine Chau
    Christine Chau
  • Mar 10, 2022
  • 1 min read

We know our tenants do their best to pay their monthly rents on time each and every month. In the event you are not able to pay rent on time, here are the important details you should know:


Rents have a grace period that extends from the 1st of the month through the 3rd of the month. On the fourth day at 12 a.m., you will be charged an initial late fee of $50.


Daily late fees of $15 begin to accrue on the fifth day of the month. This fee will be charged every day until rent is paid in full.


While you cannot avoid late fees when late, you can avoid breach of contract notices by paying rent by the 14th of the month. After the 14th, you will begin to receive serious breach of contract notices.


You are welcome to make partial payments at any point. However, fees will accrue until the balance is paid in full.


Open communication is ALWAYS best so please reach out to us to let us know your plan.

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CONTACT TEXAS URBAN PROPERTY MANAGEMENT:

Business Hours
 
Monday to Friday: 10 a.m. to 4 p.m.
Saturday & Sunday: Closed, appointment only

Tel: 512.293.2700

Email: christine@txurbanrealty.com

9915 Derecho Dr., Austin, TX 78737

Texas Licensed Broker #500959

Texas Urban Property Management, LLC License #9005131

Mortgage Loan Officer License #339977

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