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However, charging a convenience fee for credit card payments is legal in North Carolina, especially if it is noted in a tenant’s lease agreement. What is a rent payment convenience fee?
PlacePay: PlacePay charges a flat fee of $1.95 per ACH payment or 2.99% for every debit card or credit card payment. It allows you to split the cost of rent with roommates, and everyone can choose ...
Some rental agreements, however, require tenants to pay a series of fees, on top of rent, they can't get out of. Such is the case for Ricardo Fourzan, an apartment resident in Aurora, Colorado ...
4. How much the monthly lease payment is, whether any of the lease payment is to be credited towards the purchase price reducing the purchase amount. Often, the monthly lease payment is equal to or slightly above the fair market rent of the property. And while it's fully negotiable, a credit in the range of 15%-25% is often offered.
A rental agreement may provide for the renter or lessee to become the owner of the asset at the end of the rental period, usually at the renter's option on payment of a nominal fee. Such arrangements may be known as Rent-to-own, a term used in the United States for rental of furniture or appliances. The term is also used in the US for real ...
A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase. [3]
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