Melbourne Property Management PAP Pre-Approved Payment Authorization Form

The information provided on this form is collected under the authority of the Personal Information Protection Act, part 2, section 3(11) and will be used to set up pre-authorized payments. Any questions about the collection and use of this information may be directed to Melbourne Property Management Inc.

Please upload a clear copy of one of the following:

• A VOID cheque (must clearly show the bank institution number, transit number, and account number), or
• A Direct Debit / Pre-Authorized Payment (PAP) form from your financial institution.

Please ensure the document is clear and legible. Unclear or illegible uploads will not be processed.

Only banking information from a Canadian chequing or savings account is acceptable for processing. Line of credit accounts, credit card accounts, and U.S. funds accounts cannot be used.

I/We authorize Melbourne Property Management Inc., on behalf of the Corporation, to debit my/our account for all common expenses, including monthly fees, special assessments, and other payments for the noted unit/POTL. This authorization remains in effect until cancelled in writing with 30 days’ notice. Payments not honoured by the bank may incur a $50 processing fee (subject to change). Please allow 2–5 business days for processing. Delivery of this authorization is considered made by me/us.

Your treatment of each such payment shall be the same as if I/we have personally issued a cheque. I/we will advise of ANY CHANGES including bank account or address change, at least 10 business days prior to the end of the month.

To Cancel Plan: Authorization is to remain in effect until cancelled by either myself or Melbourne Property Management Inc. by written notification. It is your responsibility to inform us in writing to stop pre-authorized payments.

PRE-AUTHORIZED PAYMENTS – TERMS AND CONDITIONS

“I (We) acknowledge that this Authorization is provided for the benefit of the Payee and (Processing Institution) in consideration of (Processing Institution) agreeing to process debits against my account in accordance with the rules of the Canadian Payments Association.”

“I (We) warrant and guarantee that all persons whose signatures are required to sign on this account have signed this agreement below.”

“I (We) acknowledge that in order to cancel this Authorization Thirty (30) days prior written notice to the PAYEE in care of the Payee’s Agent at: Melbourne Property Management Inc. c/o Accounting Department, 1244 Caledonia Road, Suite 100, Toronto, Ontario, M6A 2X5. This authorization may be cancelled at any time and cancellation will be effective 30 days after such written notice of cancellation is actually received by the Payee’s Agent. You may obtain a sample cancellation form, or further information on your right to cancel a PAD agreement at your financial institution or by visiting www.payments.ca.”

“I (We) acknowledge that provision and delivery of this authorization to Payee constitutes delivery by Payor to Processing Institution. Any delivery of this authorization to you constitutes delivery by Payor.”

“I (We) undertake to inform the Payee in writing of any change in the account information provided in this authorization at least 30 days prior to the next due date of the PAP.”

“I (We) acknowledge that the Processing Institution is not required to verify that a PAP has been issued in accordance with the particulars of the Payor’s Authorization including, but not limited to the amount.”

“I (We) acknowledge that the Processing Institution is not required to verify that any purpose of payment for which the PAP was issued has been fulfilled by the Payee as a condition to honoring a PAP issued or caused to be issued by the Payee on the Payor account.”

“Revocation of this authorization does not terminate any contract for goods or services that exists between the Payor and the Payee. The Payor’s Authorization applies only to the method of payment and does not otherwise have any bearing on the contract for goods or services exchanged.”

“A PAP may be disputed by a Payor under the following conditions:

(1) The PAP was not drawn in accordance with the Payor’s Authorization; or
(2) The authorization was revoked; or
(3) Pre-notification was not received.”

The Payor, in order to be reimbursed, acknowledges that a declaration to the effect that either (1), (2) or (3) took place, must be completed and presented to the branch of the processing institution holding the Payor’s account up to and including 90 calendar days in the case of a personal/household PAP (or up to and including 10 business days in the case of a business PAP), after the date on which the PAP in dispute was posted to the Payor’s account.

The Payor acknowledges that a claim on the basis that the Payor’s Authorization was revoked, or any other reason, is a matter to be resolved solely between the Payee and the Payor when disputing any PAP after (90 calendar days in the case of a personal/household PAP or 10 business days in the case of a business PAP).

To obtain more information on [our/your] recourse rights, [I/we may] contact your [my/our] financial institution or visit www.payments.ca.

I/We agree that the information contained in the Authorization may be disclosed to Canadian Imperial Bank of Commerce as required to complete any PAP transaction.

I/We understand and accept the terms of participating in the PAP plan.