Section 1.3 of the lease outlines the charges associated with the lease in an itemized list. Common charges include:
Rent: This is the cost of just the unit itself.
Water, Sewage, Electric, Gas, Trash: If you have a price listed here, these charges are for the average utility price on our bill back system. MiddleTown Property Group has the account in our name and directly communicates with the utility companies about these charges.
Administration Fee: This fee covers the administration work needed to directly communicate with the utility companies.
Liability to Landlord Insurance and Insurance Administration Fee: MiddleTown Property Group requires every tenant to have Liability to Landlord Insurance. This insurance covers the unit only, not the tenant's items. You can purchase Renter's Insurance to cover personal items, but that is not required. Tenants can also get their own Liability Insurance through a different company, but the coverage must have at least a $100,000 limit of liability for damage. Our Required Insurance Addendum provides more details on this charge. There is also an administration fee associated with having MTPG's insurance policy.
Month-to-Month or Short-term Premium: If your lease has special circumstances, such as being month to month or short term, there is often a premium associated with that.
Pet Rent: If you are bringing a pet with you, you will have a charge for pet rent. Pet rent is $40 per pet per month.
Payments
Payments can be mailed or delivered to our Walnut office at 1709 N Walnut St, Muncie, IN, or made on your AppFolio online portal. Only checks, money orders, or online payments are accepted; cash payments are not accepted.
Online payments can be made with two options:
Use saved payment information: This uses the credit card information used to pay for the Application; however, using this option costs a fee (Credit Card: 2.99% of the total amount per transaction with a minimum fee of $3.50; Debit Card: $9.99 flat fee per transaction.).
Create a new payment method: If you select Pay Via Card, it will also cost a fee. If you pay via eCheck, it is FREE. You will only need to know your Bank Account Number and Routing Number.
Late and NSF Fees
Rental payments should be made in full by the date they are due, as partial or late payments will allow for the accrual of late fees. The first day of late payment will accrue a $25 charge. Each day after that, there will be a $10 charge.
Any checks returned by the bank will have a penalty of $50, along with any applicable late fees. After the receipt of 1 NSF (non-sufficient funds), MTPG may turn off the ability to make online payments and instead require payment by a cashier's check or money order.
Storage Costs
In this section, it is also determined that any storage costs are the Lessee(s)'s responsibility and must be paid before items can be released. After 45 days of holding any items, they can be sold or donated.
What does this mean for you?
It is important to understand the charges associated with your lease and when they are due to avoid any confusion or late fees. Your lease is accessible to you on your online portal, so you can reference these specific charges whenever needed.
Want to view your lease?
To check this section for your own property:
Log on to your AppFolio online portal.
From the Home page, look at the "Current Lease" section towards the bottom of the page.
From here, you can click and view your lease.
