Commercial PAP Form

I/We hereby authorize the above, c/o Five Rivers Property Management (Payee), and the financial institution designated (or any other financial institution I/We may authorize at any time) to debit my account for the following purpose:

• the amount of the rent and/or additional rent due and payable on the first day of each and every month per the lease between said tenant(s) and applicable commercial entity;
• the cost of any charges for returned payments as stated above;

I/We understand that this authorization will remain binding until such a time as I/We cancel it by notifying the Payee in writing using the Cancellation Notice at least 10 days in advance of the next payment that is due. A copy of the Cancellation Notice may be obtained by contacting the Payee listed below. I/We understand that the Payee is not responsible for any cancellations that could not be processed due to insufficient written notice (less than 10 days). I/We may obtain a sample cancellation form, or more information on my/our right to cancel a PAD Agreement, at my/our financial institution or by visiting www.cdnpay.ca.

I/We have certain recourse rights if any debit does not comply with this agreement. For example, I/We have the right to receive reimbursement for any PAD that is not authorized or is not consistent with this PAD Agreement. To obtain a form for a Reimbursement Claim, or for more information on my/our recourse rights, I/We may contact my/our financial institution or visit www.cdnpay.ca.

Five Rivers Property Management
28 Bett Court
Guelph, ON N1C 0A5
519-824-4208
hello@fiveriverspm.ca