What Are the Rental Payment Terms?
Understanding and adhering to ShareSorted's rental payment terms ensures a smooth and compliant Occupancy.
Timing of Rent Payments
Rent must be paid one week in advance at all times from the stated, agreed start date as outlined in your signed Occupancy agreement. This advance payment ensures that your account remains current and in good standing.
Payment Methods
You can make your rent payments using the following methods:
- Electronic Funds Transfer (EFT): Transfer funds directly to ShareSorted's designated bank account using the provided details.
- Direct Debit via PropertyMe MePay: MePay is 100% free to use and allows for convenient and timely rent payments through automatic direct debits.
Consequences of Non-Payment
Failure to pay rent on time will result in a termination notice being issued. This notice requires you to vacate the property within the stipulated timeframe as per the terms your Occupancy agreement, if not rental payments are made to rectify this breach.
Importance of Timely Payment
Timely rent payments are essential to maintain a positive Occupancy and avoid potential legal actions or penalties associated with non-payment. By ensuring payments are made on time, you also enhance your rental record, which can serve as a strong rental reference for future property applications.
If you have any questions or concerns regarding rent payments or need assistance setting up payment methods, please contact our customer service team.
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