The lease is for a period of approximately 344 days. The total base rent is listed on the front page of the lease, and payments are made in twelve equal installments due on the first day of each month. The total base rent is based on the number of days in the lease. In other words, the 21 days before move-in are not included in the base rent.
The first installment for each lease is due on August 1, and the last is due on July 1 of the following year.
|Payment 1:||August 1||Payment 5:||December 1||Payment 9:||April 1|
|Payment 2:||September 1||Payment 6:||January 1||Payment 10:||May 1|
|Payment 3:||October 1||Payment 7:||February 1||Payment 11:||June 1|
|Payment 4:||November 1||Payment 8:||March 1||Payment 12:||July 1|
All rental installment payments are due and payable as set forth by the lease on or before the first (1st) day of each month by credit card, certified check, personal check or money order. Rent must be paid in full. While rent is due on the first of each month, we do give a 10 day grace period before a late fee is charged to the student’s account. A five percent (5%) late fee will be applied to the rental account if rent is paid after 5:00 PM on the tenth day of the month. Late charges are considered and charged as additional rent.
While we offer the payment plan listed above for your convenience, this is the minimum amount which must be received each month. The total base rent may be paid in one, two, or three payments as well.
Paying By Check Or Money Order
Rental payments can be paid at the Management Office in Building 1, Monday through Friday, 9:00 am to 5:00 pm. Payments can also be placed in one of the rent drop boxes located near each 24-hour Service Desk (Buildings 1, 3 and 6) or the Management Office in Building 1, Suite 1101.
Rental payments can be mailed to the address below. Late fees are incurred for any payments received after the tenth of the month.
South Campus Commons
4250 Lehigh Rd., Suite 1101
College Park, MD 20740
Non-sufficient Funds: If we receive a returned check for non-sufficient funds (NSF) the resident is required to repay the amount of the check and all additional charges within forty-eight hours of notification. All returned checks are charged a twenty-five dollar ($25.00) returned check fee in addition to the five percent (5%) late charge, if this results in repayment being received after the tenth of the month. After two (2) NSF checks, we will no longer accept personal checks from your student; only certified checks or money orders will be accepted.
Paying Electronically on the portal
If paying rent electronically, residents are encouraged to consider setting up a recurring payment through the Resident Portal. The recurring payment option is very easy to set up and manage.
Like one-time electronic payments, the use a debit/credit card (transaction fees apply) or a bank draft are all acceptable methods of payment. The recurring payment option allows your student to choose the payment method, payment amount, and payment frequency. Residents may edit their payment settings at any time to change them or to stop using the recurring option.
*Please note, recurring payments do not carry over between lease years. Recurring payments must be rescheduled each August.
There is a ten (10) day grace period before a late fee is charged to the account.
If residents are unable to make the minimum rental installment payment, they should contact an Account Coordinator for assistance.
Please remember that the Lease is a legally binding contract and the resident is responsible for the total base rent.
The resident portal is a free online service built to assist students in managing their account with South Campus Commons. In order to make an online payment, they will need to register.
Electronic payments outside of the portal
Many financial institutions provide options for submitting your payment electronically through their portal. Please be aware that payments set up via any means other than the resident portal are not transmitted electronically. Financial institutions will mail the check to the property address. These payments are subject to mail delays and late fees will not be waived for payments received after the expiration of the grace period on the tenth of the month.