Around The Lakes

Pre-Authorized Payment Plan Agreement

Pre-Authorized Payment Plan Agreement For Condominium Monthly Common Charges

AND TO

Around The Lakes Property Management (the "Payee's Agent")

AND TO

Owner(s) Financial Institution or Bank or Trust Company (the "Bank")

THE UNDERSIGNED OWNER(S) AUTHORIZE the PAYEE and the Payee's Agent on the PAYEE'S behalf to debit the above account at the above indicated branch of the Bank, in payment of the monthly condominium common charges as may be approved by the PAYEE from time to time and attributed to the undersigned Owner(s) of the Unit as indicated above.
A debit in the amount of $ may be drawn on the account, on the 1st day of each month, beginning the month of 20.
It is acknowledged and agreed by the undersigned that if there are insufficient funds on deposit in the account at the time that the debit is made by or on behalf of the PAYEE, the insufficiency shall be deemed by the PAYEE to be non-payment of the common charges for the particular month. In addition, the undersigned acknowledges and agrees that if any service fees or charges are incurred because there are insufficient funds on deposit, such fees or charges shall be paid by the undersigned.
The Bank is not required to verify that any debits drawn by or on behalf of the PAYEE are in accordance with this Authorization or the agreement made between the undersigned and the PAYEE
It is acknowledged that in order to cancel this Authorization the undersigned must provide 10 days prior written notice to the PAYEE in care of the Payee's Agent at: Around The Lakes Property Management, c/o Accounting Department, 110 Main Street East, Unit 4, Huntsville. Ontario, P1H 1K6. This authorization may be cancelled at any time and cancellation will be effective 10 days after such written notice of cancellation is actually received by the Payee's Agent.
The right is acknowledged by the undersigned, to full reimbursement of a pre-authorized debit made to the account by the Bank, if the right is exercised within 90 days after the item in dispute is posted to the account and any of the following conditions apply: (a) the PAYEE was never provided with an Authorization, (b) the debit was not drawn in accordance with the Authorization that was provided to the PAYEE, (c) the Authorization that was provided to the PAYEE was revoked in writing, or (d) the debit was posted to the wrong account due to incorrect account information.
It is acknowledged by the undersigned that delivery of this Authorization to the PAYEE constitutes delivery by the undersigned to the Bank. It is warranted by the undersigned that all persons whose signatures are required to sign on the above account have signed this Authorization. Receipt is acknowledged by the undersigned of a signed copy of this Authorization.
The undersigned will notify the PAYEE (in care of the Payee's Agent at the address set out above) promptly in writing if there is any change in the above account information or if this Authorization is to be terminated.

By typing my name below, I am electronically signing this agreement and understand this constitutes a legal signature confirming that I acknowledge and agree to points 1-8 above.

OUR COMMITMENT


...your peace of mind

Caring for Condos in a way that:

  • Enhances property values
  • Ensures sound financial management
  • Safeguards the quality of life of residents
  • Protects your investment

110 Main St E, Unit 4 • Huntsville, ON • P1H 1K6

info@aroundthelakes.ca

6015A Highway 89 • Alliston, ON • L9R 1A4

pm@aroundthelakes.ca

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