What happens if your Tenant pays rent late or doesn't pay rent?
Through Chambers Theory LLC, there is a limited-guarantee on the Tenant and the Rent. If the Tenant is evicted due to non-payment of rent then you will be credited a pro-rated share of the leasing commission on your next leasing commission charge. The rent guarantee only applies through Tenants procured and whose rental application was vetted through Chambers Theory, LLC.
If the Tenant pays the rent late, we split the late fees (10% of normal rent due) with you. Most firms keep the late fee for their collection efforts, we believe that your property manager shouldn’t have an incentive for the tenant to pay the rent late if you do not share in that incentive!