What Tenant Admin Fees do Tenants pay directly to RENTOR?
FAQ > Rent and Payments > What Tenant Admin Fees do Tenants pay directly to RPM? (RPM Tenant Program Disclosure for Owners)
All rent, minus commission, belongs to the Owner, but the example Tenant Admin Fees below are collected from the Tenant and retained by Management. These fees offset Management's expense in the application process, providing additional services to residents, or in enforcing the respective lease provisions as outlined in the Rental Agreement:
Application fee - $42 Rental Application Fees. See WHAT DOES THE $42 APPLICATION FEE / BACKGROUND SCREENING FEE COVER?
Utility admin fee - $25 charge to the Tenant for extra administrative activities if Tenants do not transfer utilities into their name as required by the Rental Agreement.
Late fee - Variable - Rent collection administrative fee (Variable)
Pet admin fee - The $25/month per pet fee for additional management related work and guarantee program. A pet-occupied property often results in more work, closer inspections, and occasional complaints from neighboring properties. See Animal Protection Program.
Tenant Liability Insurance Admin Fee - This $3/month fee covers the administration of the Tenant Liability Insurance program (if Resident does not provide their own insurance coverage.)
Notice posting fee - In some instances, a $75 Preparation and Posting Fee based on non-compliance by the Tenant may be charged.
Returned check fee (NSF fee) - $25 per transaction (plus any specific banking related fees / chargebacks.)
Resident Benefits Package (RBP) - The $25/month fee ($5 per additional financially responsible party) is to cover the tenant credit building program, resident rewards program, and other resident benefits as found in the ResidentBenefitsPackage.RPM101.com.