CRC Tenant Accounts - Frequently Asked Questions
| 1) |
When are my rent payments due? |
|
Rent is payable in advance on the
1st day of each calendar month.
|
|
| 2) |
Why am I being charged interest on my
outstanding bills? |
|
Rent and other services that are
not paid within 15 days of the due date will bear interest at the rate of 12%
per annum. Accounts with rent that are overdue by more
than 91 days will be reviewed and could be placed with a collection
agency. |
|
| 3) |
How can I avoid interest and late fee charges?
|
|
The CRC in connection with
First
National Bank offers automatic payment drafting of rent and data service
payments. Please contact the
CRC Administration
accounting office to obtain an application form to begin this process. |
|
| 4) |
Why am I receiving a tax bill from
Montgomery County?
|
| The Corporate Research Center is exempt form real property taxes imposed by the County of Montgomery and Town of Blacksburg, Virginia. Section 58.1-3203 of the Virginia code allows the appropriate local municipalities to tax the leasehold interest in property that is exempt from taxation to the owner. |