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tenant will need to give written notice to Vantage West Realty Inc. at least 7 business days prior to the rent being withdrawn from your account.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form will need to be signed in person at our office and identification will be required before any payments will be withdrawn using the PAD.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
143 Reviews

Google
5.0/5
Aug 6, 2020
Google Vantage West Property Management Troy
Excellent customer focus and attentive service. Trevor certainly took great care of us and we are extremely happy with the results and the service he has provided.
Google
5.0/5
Aug 4, 2020
Google Vantage West Property Management H
Working with Trevor Glinsbockel's has been excellent. He and his team are diligent, professional, and have made the process of holding rental property stress free. I could not be more pleased with his service and I would not trust my property to anyone else. I highly recommend him.
Google
5.0/5
Aug 3, 2020
Google Vantage West Property Management Verna
Trevor is thorough, professional, organized and very engaging! I was very nervous about renting out my townhouse, especially as I don't reside in the same city...I wanted the property, and tenant to be well taken care of. Trevor has been amazing....my fears have been put to rest.
Google
5.0/5
Jul 20, 2020
Google Vantage West Property Management Davis
Hired Ezra to manage my condo for rent in kelowna. He was professional, easy to work and get in contact with. Felt comfortable asking questions as it was my first time renting out a condo. Also took an interest in me and who I am. Definitely would use him again
Google
5.0/5
Jul 15, 2020
Google Vantage West Property Management Brooke
Ezra Cremers has been my property manager for a home in Vernon. He is a great combination of professional yet easy going. Throughout my time in my home things have been complicated at times. Ezra has always taken the time to hear my concerns and validate them. He is very responsible, responsive and a problem solver. He keeps a level head and approaches things properly. I’m so grateful to have his role within my rental agreement. Ezra- YOU DA BOMB! Also- shout out to Crystal because she is a sweetheart.

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