• Report: #867857

Complaint Review: Sall Associates Ltd

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  • Submitted: Thu, April 12, 2012
  • Updated: Thu, April 12, 2012

  • Reported By: Michael — Binghamton New York United States of America
Sall Associates Ltd
79 MAIN STREET #2 Internet United States of America

Sall Associates Ltd RIPS OFF STUDENTS WITH EXCESSIVE LATE CHARGES, Internet

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My son along with 14 other Binghamton University students rented a large home through Sall Associates Ltd.  The lease states that any rents received late, after the 6th day of the due date there will be a 10% late charge.  Sall Associates has been calculating the 10% late fee based on the full monthly installment of $5625, rather than on the amounts that are actually past due.  So theoretically if 1 student is late with their $375, they will be charged a late fee of $525.50 regardless of the fact that the balance was paid on time.

My son was charged $150  late fee for being late on his portion of the rent.  When we requested a detail accounting of how the company arrived at this amount, we were told that we are not entitled to this information.  I have reported the company to the better business bureau of upstate New York, consumer affairs and I plan on reporting the company to the Binghamton University off campus housing.  Then I will be contacfting the NYS attorney generals office. I can't wait to see what kind of game they play with the security deposit!


This report was posted on Ripoff Report on 04/12/2012 07:45 PM and is a permanent record located here: http://www.ripoffreport.com/r/Sall-Associates-Ltd/internet/Sall-Associates-Ltd-RIPS-OFF-STUDENTS-WITH-EXCESSIVE-LATE-CHARGES-Internet-867857. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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