Rent Collection Policy Document

RENT COLLECTION POLICY
[Landlord / Property Management Company Name]
[Property Address or Portfolio Name]
[Landlord Phone] | [Landlord Email] | [Online Portal URL if applicable]
Effective Date: _______________________
This Rent Collection Policy governs all rent payments for your tenancy and is incorporated by reference into your Lease Agreement. Please read it carefully and keep a copy for your records.
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SECTION 1 — MONTHLY RENT AMOUNT AND DUE DATE
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  Monthly Rent Amount:         $_______________________
  Rent Due Date:               The 1st day of each calendar month
  Payment Period:              Rent is due in advance for the upcoming month
Rent is considered due on the 1st of each month. Rent received after this date but within the grace period will not incur a late fee. Rent received after the grace period expires will incur the late fee described in Section 3.
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SECTION 2 — GRACE PERIOD
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  Grace Period Length:         [Grace Period Days] days after the due date
  Grace Period Expires:        At 5:00 PM on the [Grace Period Days]th day of each month

[Section 2 — continued...]

[Section 3 — fill in your details...]

[Additional clauses and provisions apply...]