Monthly Rent Payments
Rent is due on the first of the month. At the time of your application/lease signing, you completed a Pre-Authorized Monthly Rent Payment Form and provided a void cheque which allows TerraCorp to debit your account on the first of the month with the 2% prompt payment discount.
Prompt Payment Discount / Late Rent
Rent is always due on the first of the month. If your rent is late, your full legal rent is due as per your lease agreement. The total owing will be your monthly rent, plus the loss of your 2% prompt payment discount.
If your payment went NSF, the full legal rent is due along with our $35 NSF fee. Late rent must be paid by either guaranteed funds (i.e. money order/certified cheque) or an e-transfer.
A money order/certified cheque can be made payable to TerraCorp. Management Inc. Please include the following:
- Your full name
- Building address
- Suite number
Please arrange to provide the certified cheque to Resident Services.
To send an e-transfer, please send it to barrelyardstenantpay@terracorp.ca and include the following:
- Your full name
- Building address
- Suite number
