What is the tracking mechanism you have to ensure that cheques don't bounce or if they bounce that you are in a position to take immediate action?

Property Handling
2016-08-02 12:17

Once the rental cheque is collected and deposited to your account your Relationship Executive shall intimate you via email and shall request for a confirmation of credit to your bank account. Since we do not have access to your bank account, we will not be in a position to know whether the amount gets credited unless you inform us. If there is a cheque bounce we shall handle it according to the applicable procedures of our company. The tenant is likely to be issued a termination of lease agreement notice on behalf of the owner if the tenant is identified to be a defaulter according to our standard procedures.

Tags: Tenant Management
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