Skycastle Properties

  RENT COLLECTION POLICY POLICY STATEMENT This policy applies to all Skycastle Properties Residents in non-subsidized and federally-subsidized housing. It addresses how residents must pay their monthly rent, how and when late charges are applied and the consequences of late payment or non-payment of rent due. This policy is consistent with the HUD Handbook 4350.3, Rev-1: Occupancy Requirements of Subsidized Multifamily Housing Programs, Federal Deposit Insurance Corporation (FDIC) Affordable Housing Program (AHP), HUD Model Lease (90105) for Subsidized Housing Programs and Skycastle Properties policies and procedures. Skycastle Properties is committed to enforcing this policy per Fair Housing Laws and the Affirmatively Furthering Fair Housing Act (AFFH). The Rent Collection Policy is designed to achieve the following goals:  Maintain resident accounts at a delinquency rate no more than 5%. Clarify for residents the Company's policy concerning rent collection. Establish a Repayment