Common use of Direct Payment Option Clause in Contracts

Direct Payment Option. If Resident chooses not to pay Rent through the Allotment or UDEFT payment methods, Resident shall pay Rent in advance and agrees to make Rent payments directly to the Owner on the first of each month, without notice, to the Owner’s office specified on Page 1 or such other person or at such other address as Owner may notify Resident. Rent payment owed by Resident pursuant to this Lease and not paid by Allotment or UDEFT will be payable by personal check, certified check, cashier check, Electronic Funds Transfer (EFT), or money order at the address specified on Page 1. A security deposit equal to one month’s Rent will be required and will be held at HomeStreet Bank of Seattle, Washington.