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| GUIDELINES FOR TENANT INCENTIVE 08-10-2009* | ||||||||||||||
| Definitions: Office Mailing Address is 590 Farrington Hwy 524-140, Kapolei, HI 96707 For purpose of these guidelines "Landlord" is Aloha Paradise Realty Inc. or it's representative For purpose of these guidelines "Tenant(s)" is/are that/those person(s) who have signed the Rental Agreement for a particular property (in cases where there are multiple tenants the Landlord cannot credit individual adults, credit will be as a whole, individual adults will decide how to 'split' credit between themselves) For purpose of these guidelines "Property" is that residence a tenant occupies under the Rental Agreement Credit is $100.00 (one hundred and 00/100 US dollars) given one time per month to two tenants/properties Incentive: Beginning September 30, 2009 Aloha Paradise Realty Inc. will be offering an incentive of a $100.00 (one hundred dollars and 00/100) per winner x 2 winners per month, open and available to all tenants of those properties that the Landlord is managing. Should a tenant submit their rent to the office, either in the form of a cashier's check, money order, personal check or credit/debit card (all credit/debit card transactions are required to pay a convenience fee; click for more information or contact Landlord with any questions or concerns) during business hours on the last business day of the month prior to the month the rent is due they will get one entry. Once rent has been received according to the guidelines posted here an entry coupon will be generated. Each entry coupon will be dated and will be valid for six months (or 6 drawings) from that date. Tenant's control number will be recorded on coupon. Should a tenant submit multiple post dated checks the entry will be created on the last business day of the month each month a check is on hand for. Multiple entries cannot be placed immediately upon receipt of post dated checks. If at any time the tenant would like to see the number of the coupon for the entry for their record they are welcome to request it from the Landlord. Should a personal check bounce or funds not be honored for any reason the entry is void. Resubmitting funds (as required by your Rental Agreement), after notification of funds not being honored, will not allow the entry to be replaced. Drawing will be held at the office on the 10th calendar day of each month OR the first business day after the 10th calendar day of each month whichever is sooner. Winner will be notified by phone of the $100.00 off their next month's rent! In cases where there are multiple tenants in one property and rent is received in "parts" or with more than one check, a single payee cannot be entered in the drawing unless the full rent is paid as described above. In the same instance, should a tenant win the $100.00 credit it will be decided between the tenants how to, or if, they will split the winning amount. Credit will be given monthly of $100.00 per property. There will be two winning properties per month. One Property cannot be credited more than once in a three month period. One Property cannot be credited more than three times in a twelve month period. Once an entry has won the winning ticket will be recorded and disposed of. Winners will be posted on this site and at the office (for the previous 12 month period) by control number (found on page one of your Rental Agreement) to protect tenant privacy. Should a tenant move out of a property managed by the Landlord each entry will still be honored for six months from date on coupon. It is the tenant's responsibility to make sure Landlord has current contact information to be able to provide a check to tenant for the amount of the credit. Should Landlord NOT have current contact information of a valid phone number, another drawing will be held within 24 hours of date of original drawing to replace the winning ticket. The unreachable ex-tenant's ticket will be void. Guidelines will remain posted on this site. Guidelines are subject to change without notice. Incentive can be terminated at Landlords option without notice. This incentive dated August 10, 2009 will replace the "Tenant Incentive" form included with the Rental Agreement Addenda. Any amendments will be posted as made. If you have any questions or concerns or if anything is unclear please see the Landlord. |
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| Example. For Rent due January 2009 rent would be required to be in on the last business day of December 2008. Taking into consideration holiday schedules and posted business hours that would require the tenants check to be in the office no later than 5:00pm on December 31, 2008. Once the rent had been received a coupon is generated for entry. The date the rent was received as well as the control number will be entered on the coupon. The coupon will be placed in the drawing container. On January 10, 2009 the Landlord will pull an entry from the drawing container. If the winning entry has not one already once in the past three months or more than three times in the past twelve months it is considered a winning ticket and the tenant is notified. If it does not qualify for either reason it is returned to the pool of entries. Another ticket is pulled in the same manner until there are two winning tickets. The credit will be applied toward February's rent. Should the tenant's contracted rent be $1,500.00 for the month of February a check should be remitted in the amount of $1,400.00. Should the tenant have a post-dated check on file the check should be amended and re-submitted for February, otherwise the check to the tenant will be mailed on the first business day of February. If there are any questions or concerns or if anything is unclear please see the Landlord. | ||||||||||||||
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