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Rent is due on the 1st of each month. Your lease will describe when your
rent payment is late. Typically, rent is considered late when your payment
has not been received by Mitchell Properties by 5:00 PM on the 3rd of each
After the monthly due date, rent payments will not be accepted under most
circumstances without the late fee described in your lease. Monthly late
fees range from 5% to 10% of your monthly rent. Mitchell Properties
prefers a situation where you are able pay your monthly rent on time and avoid
the late fee.
If your rent payment has not been received by the 5th of the month, a "late
rent" letter will be sent out. Certified funds are required for both your
monthly rent payment and the late fee.
Returned Checks (Non-Sufficient Funds)
If a check is returned for non-sufficient funds (NSF), an NSF fee of up to
$50 applies regardless of why funds were not available. Your bank may
reimburse you for this fee if they were in error. In most cases, all
subsequent rent payments must be made in certified funds.
The following pro-rated rent policy applies to most circumstances; on occasion,
there may be exceptions. If you move in before the 15th of the month, your
first month's rent will be pro-rated from the move-in day to the end of the
month. If you move in after the 15th of the month, your first month's rent
will be pro-rated from the move-in day to the end of the month plus the next
Last Month's Rent
Rent is due on the 1st day of the month, each month--including the last month.
Under no circumstances will tenants be allowed to pay for rent using their
Using the US Postal Service
Please keep in mind that rent payments sent through the postal system may be
delayed. If your rent payment is received late, regardless of US Postal
Service delays, you will be responsible for paying a late fee. Be sure to
mail your rent payment early enough so it arrives on time.
Reporting Delinquent Tenants
Mitchell Properties actively works with and submits reports to all three credit
reporting agencies (Equifax, TransUnion, and Experian) to report tenant
delinquencies. Delinquencies may remain on your credit report from 7 to 10
years and have a significant impact on your credit score. Mitchell
Properties is also an active member of the National Delinquent Tenant
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