Payment Information
Vendors are responsible for ensuring that all payment information provided to Property Management is accurate, current, and secure. Vendors must promptly update their information whenever changes occur.
Vendors must:
- Maintain accurate and current ACH/bank account information for electronic payments.
- Maintain a current mailing address for check payments, when applicable.
- Promptly notify Property Management of any changes to banking, mailing, or payment information.
- Provide any required documentation or verification when requesting changes to payment information.
- Understand that changes to banking information may require additional verification to protect against fraud and unauthorized payment changes.
Banking Information Changes
For security purposes, Property Management may require additional verification before processing a requested change to a vendor's banking information.
Payment may be delayed while Property Management verifies any requested change to banking or payment information. Vendors should allow sufficient time for verification and should not assume that a requested change will take effect immediately.
Vendors should also be aware that Property Management may independently verify payment-change requests using previously established contact information or other security procedures.
Returned or Undeliverable Payments
If a payment is returned, rejected, or a check is undeliverable because the vendor provided incorrect, incomplete, or outdated payment information, the vendor may be responsible for applicable re- issue, bank, or processing costs.
Vendors are responsible for reviewing their payment information regularly and ensuring that Property Management has the most current information on file.
