1. I/We acknowledge that by participating in this EFT plan established by AWM-ALLIANCE REAL ESTATE GROUP LTD. that all terms and conditions set out herein must be abided. AWM-ALLIANCE REAL ESTATE GROUP LTD. reserves the right to reject the application or discontinue the service.
2. I/We warrant and guarantee that all persons whose consent is required for this account have authorized this agreement.
3. I/We acknowledge that this EFT authorization is provided for the benefit of AWM-ALLIANCE REAL ESTATE GROUP LTD. and the processing institution administering the account. It is provided in consideration of the said processing institution agreeing to process this EFT against my/our bank account in accordance with the rules of the Canadian Payments Association.
4. I/We hereby authorize AWM-ALLIANCE REAL ESTATE GROUP LTD. and its processing institution to debit my/our bank account on the 1st day of each month:
All recurring monthly strata fees and/or charges (e.g. parking and lockers etc.); and/or
Any one-time retroactive strata fees/charges adjustments; and/or
Any one-time sporadic debit of any kind (e.g. a “catch-up” payment on previous outstanding strata fees for 1st time EFT enrolment, NSF administration fee, etc.) as authorized by me/us.
I/We understand that the amount of strata fees may be increased or decreased based on the approved budget as adopted by my/our strata corporation. I/We agree to waive the requirements for pre-notification including, without Limitation, pre-notification of any changes in the amount of the EFT due to a change in strata fees, charges, or adjustment.
5. I/We acknowledge that delivery of this authorization to AWM-ALLIANCE REAL ESTATE GROUP LTD. constitutes delivery by me/us to the processing institution.
6. I/We understand that this authority is to remain in effect until AWM-ALLIANCE REAL ESTATE GROUP LTD. has received written notification from me/us of its change or termination. The notification must be delivered to the office of AWM-ALLIANCE REAL ESTATE GROUP LTD. before the 20th of the month prior to the next EFT withdrawal. I/We may obtain a cancellation form or more information on my/our right to cancel our EFT Agreement by contacting the office of AWM ALLIANCE REAL ESTATE GROUP LTD. or by visiting our website.
7. I/We undertake to inform AWM-ALLIANCE REAL ESTATE GROUP LTD. immediately, in writing, of any change in the account (e.g. account closure, change of account number, etc.) or other information provided in this authorization.
8. I/We understand that a NSF administration fee will apply to my/our account should my/our EFT be returned due to insufficient funds, account closure, or account freeze, etc. It is my/our responsibility to ensure the balance in my/our bank account is sufficient to cover the EFT.
9. I/We understand the personal information provided in this EFT Agreement is for purposes of identifying and communicating with me/us, processing payments, responding to emergencies, ensuring the orderly management of the Strata Corporation or property and complying with legal requirements. I/We hereby authorize the strata corporation/property under our management to collect, use and disclose my/our personal information for these purposes.