Northern Management Training Manuals

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Rent

Rental Payments
Non-Sufficient Fund/Returned Checks

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RENTAL PAYMENTS: A rental discount of $25 is offered if the rent is paid in full by the first day of every month. If the first falls on a weekend or a holiday, the rent needs to be in the office before the 1st. (Excludes month-to-month leases, and Rural 515 Housing Developments) All rent payments must be paid in full for the specific month; no partial payments will be accepted. Payments must be mailed (postmarked prior to or on the1st of the month) to the Northern Management office at PO Box 7792, St. Cloud, MN 56302, in order to receive the discounted rent. A late fee will be added to the undiscounted rent amount for any payments not received in full by the 7 th or the 10th of the month, depending on what your lease agreement states.

All checks should be made payable to the "(name of the apartment complex)" you are residing at. Your name, building and apartment number, and bedroom letter (if applicable) should be included on the check. FOR YOUR PROTECTION AND OURS, ABSOLUTELY NO CASH WILL BE ACCEPTED. MANAGEMENT WILL NOT BE RESPONSIBLE FOR LOST OR MISSING CASH. Certain credit card payments may be accepted. There is a subscriber fee for each transaction. Please ask your Resident Manager or Property Manager for credit card information. If your parents or someone else will by paying your rent, make sure you notify them of all rent policies. Residents must be able to cover the rent by the semester or year. This is recommended as an effective way of eliminating rent problems.

Under no circumstances may a resident apply their security deposit toward their last month’s rent. Doing so is prohibited by Minn. Stat. § 504B.178, subd. 8, which imposes liability for monetary damages and financial penalties on residents who seek to do so.

NON-SUFFICIENT FUND/RETURNED CHECKS: If your check that has been issued to us is returned by the bank for any reason, the amount due (undiscounted rent amount if after the 1st) and the returned check fee of $25 is payable immediately. If payment IN FULL is not received within 5 days of the date on the letter notifying you of the rent violation, additional fees may be added and eviction procedures may commence. When paying for an NSF/Returned check, two money orders or cashier’s checks need to be submitted (or credit card used, where permitted). The first payment must be made payable to the “name of the apartment complex” in the dollar amount of the rent due. The second payment must be made payable to “Northern Management” for the $25 returned check fee. If a resident has two returned checks, no future payments by a personal check will be accepted by management for a period of one year. Only money orders or cashier’s checks (or credit cards, at pertinent locations) will then be accepted. Again, we emphasize that when a situation like this happens, it must be resolved immediately!

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