Tenant Charges
The charges listed below will be incurred by all residents that rent a home from Red Door Property Management.
1. Lease Preparation Fee: $100
This fee is charged to offset the cost of coordination and time involved in preparing and signing a new lease agreement with a tenant. It is disclosed in the application process and listed on the lease agreement under Special Provisions.
2. Resident Benefits Package: $35 / month
Included with ALL lease agreements under Red Door Property Management is the Resident Benefits Package. Tenants will be named as Additionally Insured under the Red Door Property Management Master Insurance Policy. Tenants would be responsible for any charged deductibles of $500 per incident for claims. Tenants will also be mailed a furnace filter every 90 days. Tenants also receive the additional benefits here: www.reddoorrents.com/residents-benefit-package These features are included for $35.00 per month.
3. Renewal Lease Preparation Fee: $95
This fee would be charged once a tenant signs a lease renewal with Red Door Property Management. It is meant to cover the administrative efforts and walk thrs involved in completing a lease agreement extension.
The charges listed below would be incurred by the tenant for common actions that would go above and beyond the normal lease agreement, the normal activities for a tenant, or any other actions outside of routine operations. These charges have been put in place to offset the cost and time
involved needed to address each issue listed below on behalf of the tenant and are charged on a case by case basis.
1. Late Fees for Rent: $50 Base late fee plus $10 per day
This fee is in the standard lease agreement. Rent is due on the first and considered late at 5PM on the 1st. On the 2nd day of each month, if no rent is paid to that point, a $50 late fee will be assessed. Each day after that, a $10 a day fee will be added. Late fees will be charged first, and rent will be credited after the late fees have been paid in accordance with the lease agreement.
2. Returned Payment – NSF Fee: $50
This fee will be charged to the tenant in the event of a returned electronic payment, a returned personal check, or any type of failed payment submission that was due to tenant error.
3. Lease Modification: $95
This fee would be charged if a tenant wants an administrative action taken that will cause their lease agreement to be modified. If a tenant wants to remove an occupant from a lease agreement, add and occupant to a lease agreement, add a pet to a lease agreement or anything that will cause the lease to be modified.
4. Rush Move In: $250
This fee would be charged to a tenant if the tenant is in need of a move in less than 7 business days.
Example:
The tenant applies on a Thursday afternoon, and wants to move in on Friday or within business days of the application. If the tenant receives an application approval, to facilitate such a quick move in – we have to drop everything to accommodate for such a quick turnaround. In this case, the tenant will be charged the fee to facilitate this action.
5. HOA Admin Violation: $100
This fee will be charged anytime the homeowner or the property manager receives a letter for negative reasons from the Home Owner’s Association. The most common examples are the lawn needing to be mowed and edged (tenant responsibility), the garbage cans to be placed out of sight on non-garbage pick-up days, basketball goals left on the curb, and un-authorized boats or trailers parked in the driveway or on the street. If any letter or notice is received from the HOA because of tenant actions, we must pass along that information to the tenant, add that into the tenant file, respond to the owner, and follow up with the HOA.
6. Stop Payment Fee: $50
This fee will be charged if a tenant does not receive a check from Red Door Property Management for any reason that is the fault of the tenant. An example where this would apply is if we were provided the wrong forwarding address and the check is lost in the mail. We will have to stop payment on that check, and then re-issue another check. We are charged by our bank for any stop payment on a check and that cost would be passed along to the outgoing tenant.
7. Re-Issue Check: $50
This fee would be charged if we have to re-issue a lost check to a tenant for any reason determined to be the fault of the tenant. It will usually coincide with the stop payment fee. It will usually coincide with the stop payment fee.
This fee is charged when an inspection or visit is needed to confirm the tenant has remedied the lease violation or noncompliance issue.
9. Lease Violation Tenant Notice: $50
This fee would be charged to a tenant if the tenant is in non-lease compliant, resulting in additional paperwork and coordination.
10.Missed Appointment/Trip Charge/Denied Access: $95
This fee is charged when an appointment is set with a Landlord representative and access is not available to the property or success has been denied.
11. Unauthorized Pet Fee - $300
This fee is charged when we find evidence of a pet in the home and there is not pet on the lease. Pets can do a significant amount of damage and some owners do not allow any animals. This would also trigger a lease violation letter and you would be required to put an additional $250 pet deposit and $25 / month per pet (if the owner will allow the pet).
12. Walk Thru Fee: $95
This fee would be charged if the tenant requests an in-person walk thru at move in. Through normal procedures, a lockbox move in is standard practice and an in person meeting is not required. This fee is charged because to offset the cost of physically meeting at the property.
13. Utility Cross Over Fee: $95
This fee would be charged if the tenant fails to cross over utilities in a timely manner. Not only would the tenant be responsible for utilities from the day the lease started, but they would also be charged this fee if additional efforts have to be made to ensure they properly turned over utilities.
14. Certified Letter Fee: $35
This fee will be charged if for any reason the tenant is sent a certified letter for negative reasons. This can be applied for a pending eviction, and un-authorized pet, or a non-responsive tenant to email and phone calls.
15. Stop Payment Fee: $50
This fee will be charged if a tenant does not receive a check from Red Door Property Management for any reason that is the fault of the tenant. An example where this would apply is if we were provided the wrong forwarding address and the check is lost in the mail. We will have to stop payment on that check, and then re-issue another check. We are charged by our bank for any stop payment on a check and that cost would be passed along to the outgoing tenant.
16. Re-Issue Check Fee: $25
This fee would be charged if we have to re-issue a lost check to a tenant for any reason determined to be the fault of the tenant. It will usually coincide with the stop payment fee.
