ACH Debit Authorization Agreement

By checking the acceptance box (or clicking "Authorize"), you authorize Miles Management Corp, an Illinois corporation with its principal place of business in Chicago, Illinois ("Miles Management") to initiate debit entries via the Automated Clearing House (ACH) network to the bank account you have identified through Stripe Financial Connections or by providing your routing and account numbers (the "Account"), for rent and other lease-related charges — including your configured rent share, parking, storage, and one-time payments you initiate — in the amounts and on the dates of the payment schedule(s) and one-time payments that you configure in the Miles Management resident portal.

Amount and Timing

The amount and date of each debit are set by you when you create or edit a payment schedule or submit a one-time payment in the portal, and are displayed to you before you confirm. For recurring schedules, debits recur monthly on your selected day (in months with fewer days, on the last day of the month). If you change a schedule, the new amount and timing apply to subsequent debits. If Miles Management ever needs to debit an amount that differs from your configured schedule, we will send you notice of the amount and date at least ten (10) calendar days before the debit. We will also send you a reminder before upcoming scheduled debits as described in the portal.

Revocation and Cancellation

This authorization remains in full force and effect until you revoke it. You may revoke this authorization at any time by (a) canceling the relevant payment schedule(s) and/or removing your linked bank account in the portal, or (b) sending written notice to legal@milesmgt.com or Miles Management Corp, Attn: Legal, [Street Address], Chicago, Illinois [ZIP], in each case in time to give Miles Management and your bank a reasonable opportunity to act on the revocation — at least three (3) business days before the next scheduled debit. Individual pending payments may also be canceled from your dashboard before they are initiated. Revoking this authorization does not excuse or delay any rent or other amounts you owe under your lease; it only changes how you must pay them.

Returned Payments and Insufficient Funds

If a debit is returned unpaid for any reason, including insufficient funds (NSF), we will notify you by email. Unless retries are disabled, you authorize Miles Management to re-initiate a returned debit one (1) time, as permitted by NACHA Operating Rules, approximately three (3) business days after the return. A payment returned after settlement is reversed on your ledger and is not re-initiated automatically. Your bank may charge you NSF or overdraft fees, and returned payments may result in late fees or other charges where provided by your lease and permitted by law. You remain responsible for the underlying amount owed.

Miscellaneous

You represent that you are an owner of, or otherwise authorized to debit, the Account. This authorization applies to any bank account you subsequently link in the portal to replace the Account. Debits will appear on your bank statement with a descriptor beginning with "MILESMGMT". Miles Management may terminate this authorization or the ACH payment option on notice to you. This authorization is governed by Illinois law and the NACHA Operating Rules.

A copy of this authorization, including the date, time, IP address, and text version you accepted, is retained by Miles Management and is available to you on request. You should print or save a copy of this authorization for your records.