MT Credit Builder Addendum to Lease Agreement
This MT Credit Builder Addendum (“Addendum”) is made and entered into between the parties previously identified as Owner, by its agent ("Landlord"), and Resident listed below, on the date first indicated below. This Addendum is incorporated into the existing residential lease agreement ("Lease") between the parties and shall be considered an integral part thereof. Where the terms of this Addendum and the Lease conflict, the terms of this Addendum shall control.
Enrolled Resident Name:
By signing below Resident acknowledges those enrolled in MT Credit Builder program. Enrolled residents reflected above agrees to participate in the MT Credit Builder program and shall tender the amounts listed below as additional rent beginning on the first (1st) of the month following enrollment and activation of the service. Furthermore, Resident acknowledges and agrees the MT Credit Builder program may not be active at Resident’s property, and Mark-Taylor Residential Inc., makes no representations, warranties, or guarantees that the service will become active at Resident’s property during the term of the Lease or in the future. Residents executing new Leases shall tender the amounts listed below as additional rent on the first (1st) of the month following enrollment and activation of the services. Residents renewing the Lease shall tender the amount listed below as additional rent starting on the periodic rental due date that is at least thirty (30) days from the activation date.
Recitals
Landlord provides access to a service known as MT Credit Builder, which offers Residents credit building services designed to enhance the experience Residents have while residing at a Mark-Taylor Community. The MT Credit Builder service is provided by Union, not operated or controlled by Mark-Taylor or Owner. This service may be available as long as the property is managed by Mark-Taylor Residential Inc.
Agreement
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MT Credit Builder Enrollment.
1.1. Upon opt-in and execution of this Addendum, Resident will be enrolled in MT Credit Builder provided by Union once the service becomes available.
1.2. MT Credit Builder reports on-time rent payments. MT Credit Builder will not report late payments.
1.3. Union, not Owner, may send the following Resident information to Experian, Equifax, and TransUnion (depending upon Union accreditation) once the service becomes available: 1) first name; 2) last name; 3) date of birth; 4) address; 5) city; 6) state; 7) zip; 8) Lease start date; 9) Lease duration; 10) Lease amount; 11) rental status; and 12) rental balance.
1.4. On-time rent payments will be sent to all three (3) major credit bureaus Experian, Equifax, and TransUnion (depending upon Union accreditation), once the service becomes available.
1.5.Upon move in new Residents are automatically enrolled in MT Credit Builder, which if available shall continue for the term of the Lease unless terminated earlier as provided herein. Once the service becomes available, new Residents shall be billed per month, per new Resident participating in the program, as additional rent, beginning on the first (1st) of the month following execution of the Lease and this Addendum. Once the MT Credit Builder services becomes available, on-time payments shall be reported on the month following execution of the Lease and this Addendum.
1.6. Upon the start date of the Lease renewal, Residents shall be automatically enrolled into the MT Credit Builder program, which if available, shall continue for the term of the Lease unless terminated earlier as provided herein. Once the MT Credit Builder services become available, the cost of the first (1st) month of the program is waived. Residents opted into the MT Credit Builder program through a Lease renewal shall be billed per month, per Resident as additional rent, which is due monthly starting on the first periodic rental date that is at least thirty (30) days from the activation date. Once the MT Credit Builder service becomes available, on-time payments shall be reported on the month following execution of the Lease and this Addendum.
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Opt-Out Option.
2.1. Once the MT Credit Builder service becomes available, MT Credit Builder shall be provided to Resident on a month-to-month basis.
2.2. Upon move-in new Residents shall execute this Addendum and will receive an email link to register for MT Credit Builder. New Residents may opt-out of MT Credit Builder any time after thirty (30) days of enrollment upon execution of the Lease.
2.3. Renewed Residents may opt-out of MT Credit Builder at any time by contacting support@gounion.com to terminate the services.
2.4. Once the MT Credit Builder service is operational, Resident's MT Credit Builder service shall start and continue monthly and Resident shall be billed per month until Resident opts-out of MT Credit Builder.
2.5. If an opt-out request is received on or before the last day of the month, the MT Credit Builder service and billing shall end on the last day of the same month.
2.6. In the event of termination there is no refund for services previously rendered.
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General Provisions.
3.1. TO THE FULLEST EXTENT PERMITTED BY LAW MT CREDIT BUILDER IS PROVIDED ON AN “AS IS” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. MARK-TAYLOR RESIDENTIAL, INC., MAKES NO WARRANTIES OR REPRESENTATIONS OF ANY KIND THAT RESIDENT’S CREDIT SCORE WILL BE IMPACTED, WHETHER POSITIVELY OR NEGATIVELY, BY USING THE MT CREDIT BUILDER SERVICE. RESIDENT EXPRESSLY ACKNOWLEDGES THAT A CREDIT SCORE IS BASED UPON NUMEROUS FACTORS INCLUDING, BUT NOT LIMITED TO, PAYMENT HISTORY.
3.2. Questions regarding reports, credit, or technical support shall be directed to Union at support@gounion.com. General questions regarding billing may be directed to the Community email.
3.3. In the event Mark-Taylor Residential Inc., no longer manages the property described in the Lease then this Addendum and the MT Credit Builder service shall automatically terminate. No refunds will be given for partial month’s service in the event of termination pursuant to this provision.
3.4. Any modifications or amendments to this Addendum shall be made in writing and signed by both parties.
3.5. Except as modified herein, all other terms and conditions of the Lease shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the date first above written.