Monthly Rent Payments
Rent is due at 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 guaranteed funds (i.e. money order) payable to TerraCorp. Management Inc. Make sure to include your full name, address, suite number, and please arrange to provide the certified cheque to your Resident Manager.
Requesting a Rent Receipt
Current Residents: Rent receipts are distributed annually to your suite door in February by your Resident Manager.
Past Residents: You can request rent receipts by emailing info@terracorp.ca. Please share the leaseholder’s name, building address, suite number, and the year you require the receipt for. Receipts are emailed within one week. Ensure you check your junk mail if you do not receive it.
