By completing and signing this agreement, you are authorizing Preferred Property Managers to electronically withdraw your monthly assessments and authorized special assessments from your designated bank account.
Between the 5th and 10th of each month, your account will be charged for the amount of assessments due. If your bank, for any reason, refuses payment, you will be charged for an NSF Fee according to the Collection Policy of the Association. If your bank refuses the charge a second time in one year, you will be removed from the Automatic Pay Agreement. If you change banks, account numbers or would like to discontinue this service, please notify us in writing/email prior to the first of the month. Direct your questions and emails to firstname.lastname@example.org or call 800-414-9455.
I hereby authorize Preferred Property Managers to initiate a withdrawal from my bank account as indicated below, for homeowner association assessments and authorized special assessments. This authority will remain in full force and effect until I(we) send written notification to terminate this agreement.
Submission of this form is considered legal authorization for this withdrawal.