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On this case you need to set a agency appointment to satisfy with the financial institution official and the renter so they are often present when the box is opened. • The Non-Pay - If the agreed rent quantity is defaulted upon, the bank follows a series of rules to contact the renter and resolve the non-payment problem. After a said period of time - or when a person dies and rent just isn't received - the financial institution will take control of the field. In these cases you in all probability will meet with the financial institution official solely. • The Bank - It's often as much as the financial institution manager or official to determine how quickly the box needs to be opened and who bears the price of labor and materials. They might want it instantly and replacement will not be a difficulty. Or, time is just not a factor but the lock must be changed to authentic specifications.

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