Re: a quick heads-up, ARC parks - Posted by Anne_ND
Posted by Anne_ND on April 13, 2006 at 14:46:40:
Jad- What I was told is that, as a lender, when I have a vacant home I will not be charged late fees if the lot rent is late. However, it will reflect badly on the PM if the lot rent isn’t paid by the 18th.
Usually I am spot-on about lot rent payment being on time for my PMs, but this month I had a better use for my money and told the PM I would pay lot rent late and that I’d pay whatever the late fees were. She called me today in a flurry about where was my lot rent? I told her it would be there on Monday with the late fees attached and she let the cat out of the bag that I didn’t owe any late fees.
I’m a little surprised because on one other occasion when I was (an hour) late with lot rent I added in the late fee and never was told anything about it (nor was it credited to the following month’s account). In addition, I’ve been sending in my lot rent from out of state for the past 3 months paying overnight fees to get it there on time- had I known I would not have done so.
From now on I plan to pay on the 15th. Since they won’t give me reduced lot rent on vacants they can wait for their money.
I’m assuming these are ARC policies, but check with your local PM.