Confirmation of Pre-Authorized Debit (PAD) Sign Up

By signing this form and providing either a void cheque or a copy of a bank “PAD form”, the payor understands that Vantage West Realty Inc. will charge the provided bank account once a month, on the 1st for rent collection. The payor understands that as rent is due each month on the 1st and no other charges will be applied to the PAD, that the payor waives the right to receive pre-notification of the amount of the PAD and agrees that advance notice of the PAD is not required.

Any other payments besides rent (example: utilities, deposits, outstanding balance, etc) will not be taken by PAD, and will be the tenants responsibility to arrange a different form of payment. Vantage West Realty Inc. will, however, do their best to deduct any credits on the account from the full amount. The credit will need to be on the account at least 7 business days prior to the withdraw date.

If the tenant requests that a smaller amount is to be deducted from the rental amount, the tenant will need to give written notice to Vantage West Realty Inc. at least 7 business days prior to the rent being withdrawn from your account.

Should you receive a Residential Tenancy Branch approved notice of rental increase while using PAD, Vantage West Realty Inc. will do their best to adjust to the new rental amount on the date the new rental amount takes effect.

It will be the tenant’s responsibility to request the cancellation of the PAD charge at least 7 business days prior to the expected withdrawal, in the form of a written request. It is also the Payor’s responsibility to inform Vantage West Realty Inc. immediately upon the cancellation and/or change of the bank information provided.

If your PAD payment is returned to the NSF, you will be charged $45.00 to cover the fee, and you will be required to pay cash to the office within 24 hours of receiving notice of the NSF. If your payment bounces three times, Vantage West Realty has the right to remove PAD &/or cheque as a payment option.

By signing this agreement, the payor authorizes the provided institution to honour and pay the agreed upon payment on their behalf.

If the payor is not included in the tenancy agreement, this form will need to be signed in person at our office and identification will be required before any payments will be withdrawn using the PAD.

The payor acknowledges that certain recourse rights may be applicable if you feel that any debit does not comply with this agreement.

To obtain more information on Payor’s recourse rights, please contact a financial institution.

Vantage West Realty Inc. will not be held liable for any false or incorrect information given. By signing the below, the payor and/or tenant agree that all names required for authorization of transactions of the provided account have been notified and signed this agreement.

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What Our Clients Say

5.0/5
5.0 /5
171 Reviews

Google
5.0/5
Feb 22, 2021
Google Vantage West Property Management Andrew
Trevor did an excellent job renting out my half a duplex. The process that he uses to assess potential tenants was thorough and the advice he gave me along the way is invaluable. I am very glad I used his services because I could not have found a better tenant, made a better addendum or rented the place out in that short of time. I will be referring Trevor to all of my landlord friends and using his services again in the future.
Google
5.0/5
Feb 22, 2021
Google Vantage West Property Management Steve
So much respect for Trevor at Vantage West - he is communicative and is always working hard for his clients to provide the best level of service - it's easy to tell he goes the extra mile every time without question. We are so happy to work with him! Chantal and the BugMaster Team
Google
5.0/5
Feb 22, 2021
Google Vantage West Property Management Alan
Connected with Trevor Glinsbockel to look after a rental property for me. From the day he took on our file he looked after all the details, provided excellent advice and was extremely efficient in taking care of screening and finding a great tenant.
Survey
5.0/5
Feb 19, 2021
Vantage West Property Management Dwight
We were introduced to Lindsay in 2018 and havent looked back. Six properties later she is an integral part of our investment team/family. We value her opinion and have her accompany us on any possible purchases as she is always knowledgable of all the rental markets. We definately couldnt do this without her.
Survey
5.0/5
Feb 18, 2021
Vantage West Property Management Geoff
Lindsay Anderson has been managing my two condos in Westbank for around 5 years. Lindsay is really easy to talk to and communicates well and can resolve any problems a tennnant may have. She also finds new tennants quickly if one is leaving which is a great help as I dont live in the province. Thanks for all you do Lindsay!

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#2 – 1329 Ellis St.
Kelowna, BC V1Y 9X5