MOSAIC Student Communities

RENT POLICY


Rent Payments: Rent checks tendered from individuals or entities not named in this Agreement, including Co-Signers and Guarantors (if any) to this Agreement will be considered third-party checks and will not be accepted without Owner/Agent prior written approval. Owner/Agent acceptance of a rent payment for the premises from a third-party shall not constitute an Owner/Agent & Resident relationship, or any other legal relationship between Owner/Agent and any third party. Nothing herein shall be deemed to require Owner/Agent to accept a third-party check at any time without prior written approval.

Written Notations on Payment: Written notations by Resident or third party on any payment due to the Owner/Agent in accordance with this Agreement shall be null and void, and shall not be considered by Owner/Agent as a satisfaction, accord, limitation or condition in accepting payment.

Default by Resident: In the event of a default made by Resident in the payment of rent when due to Owner/Agent, Resident shall have three (3) days after receipt of written notice thereof to cure such default. In the event of a default made by Resident in any of the other covenants or conditions to be kept, observed and performed by Resident its guests and invitees, Tenant shall have three (3) days after receipt of written notice thereof to cure such default. In the event that the Resident shall fail to cure any default within the time allowed under this paragraph or Resident or Resident invitee caused an incurable breech of this Agreement, Owner/Agent may declare the term of this Lease ended and terminated by giving Resident written notice of such intention, and if possession of the Premises is not surrendered, Owner/Agent may reenter said premises. Owner/Agent shall have, in addition to the remedy above provided, any other right or remedy available to Owner/Agent on account of any Owner/Agent default, either in law or equity. Owner/Agent shall use reasonable efforts to mitigate its damages.



Read the following sections:

  1. Rent Policy
  2. Maintenance Policy
  3. Additional Policies (Conduct Policy, Move Out Policy)
  4. Additional Clauses (Crime/Drug Free Housing, Disclosure Regrading Asbestos, Lead Warning Statement)

Back to Additional Policies & Procedures