Get the free MONTHLY STRATA FEES PRE-AUTHORIZED DEBITS PADS

MONTHLY STRATA FEES PREAUTHORIZED DEBITS (PADS) DATE: TO: Aragon Management Ltd. #2011628 West 1st Avenue Vancouver, BC, V6J 1G1 Telephone: 6047326170 Fax: 6047326104 FROM: (Name) RE: Unit Number:

How to fill out monthly strata fees pre-authorized

How to fill out monthly strata fees pre-authorized:

1. Obtain the pre-authorized payment form from your strata management or financial institution. This form is typically available online or can be requested from the appropriate representative.
2. Fill out your personal information, including your full name, address, and contact information. Make sure to double-check the accuracy of your details to avoid any potential payment issues.
3. Provide your strata corporation or building number. This helps to ensure that your payment is directed to the correct strata property.
4. Indicate the payment amount and frequency. Specify the exact dollar amount you would like to be automatically deducted from your account each month, as well as the preferred payment frequency (e.g., monthly).
5. Choose your preferred payment method. Typically, you will need to provide your bank account details for a direct debit or your credit card information for an automatic charge.
6. Review the terms and conditions of the pre-authorized payment plan. Make sure you understand the terms, such as cancellation policies or potential fees associated with the service.
7. Sign and date the form to confirm your agreement to the pre-authorized payment arrangement.
8. Submit the completed form to your strata management or financial institution. Follow the instructions provided by the entity to ensure your submission is received and processed.

Who needs monthly strata fees pre-authorized?

1. Strata property owners: Owners of condominiums, townhouses, or apartments that are part of a strata corporation often opt for pre-authorized payments to simplify the process of paying regular monthly strata fees.
2. Tenants: In some cases, tenants may be responsible for paying monthly strata fees. With pre-authorized payments, they can ensure that their fees are paid on time without the hassle of manual payments each month.
3. Strata corporations: From a strata corporation's perspective, pre-authorized payments provide a secure and convenient way to collect monthly strata fees. It helps ensure consistent cash flow for necessary maintenance, repairs, and other expenses related to the common property.

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What is monthly strata fees pre-authorized?

Monthly strata fees pre-authorized is an arrangement where a homeowner authorizes the strata corporation to automatically withdraw their monthly strata fees from their bank account.

Who is required to file monthly strata fees pre-authorized?

All homeowners within a strata corporation may be required to file monthly strata fees pre-authorized as part of their obligations outlined in the bylaws of the corporation.

How to fill out monthly strata fees pre-authorized?

Homeowners can usually fill out the necessary forms provided by the strata corporation and submit them with their banking information for the automatic withdrawals to be set up.

What is the purpose of monthly strata fees pre-authorized?

The purpose of monthly strata fees pre-authorized is to ensure timely and consistent payment of strata fees by homeowners, facilitating the financial management of the strata corporation.

What information must be reported on monthly strata fees pre-authorized?

Monthly strata fees pre-authorized typically require homeowners to provide their banking information, including account number and transit number, to enable the automatic withdrawals.