I've never had any problems with my apartment or my landlord, never been late on a payment or anything, but I dont have enough to pay it on the 5th. (last day of grace period.) I just had a really bad month with finances. Alot of suprises :( but I get paid on the 9th, and can pay it then, but it will be 4 days late! I REALLY do not want to pay it late, and dont want to take out a loan, or cash advance. I heard you dont get charged with a late fee if you pay it 72 hours after the 5th? I could write a check on the 8th, and pray it doesnt go through until the 9th.
I'm completely lost, and desperately need advice. Thank you so much for all of your answers!
I forgot to say that I have already spoken with her, and she said she was sorry about this because i have a perfect apartment history with her, and said she could do a partial payment, but it would still be as bad on my credit. Plus, I dont have enough money to DO a partial credit. But I've already told her, as a head up. FYI!
2007-03-01 07:36:05 · 5 answers · asked by shelb 2 in Business & Finance ➔ Renting & Real Estate
Just pay the rent on the 9th and pay the late fee. Considering how many people pay their rent MONTHS late your landlord will not report to anyone, she should be very happy to have a tenant who normally pays in full and on time. Stop stressing over this and do your best to pay on time next month.
2007-03-01 08:44:55 · answer #1 · answered by ebosgramma 5 · 0⤊ 0⤋
If I ever become a landlord, will you be my tenant? You sound like a landlord's dream!
If you give her a check on the 8th and for some unbelievably bad luck it gets presented to your bank before you can cover it, you get the late charge from the landlord and a returned check fee. Ugh! that ain't good. The odds are in your favor that you will not bounce the check as long as the landlord uses a different bank than you use for checking.
If the landlord is inferring that being a couple days late will show on your credit report, do not worry about it...
Your grace period ends on the 5th; then you say that you think you have another 72 hours. That means you really have a grace period to 8th. That seems confusing; but you know your lease.
You have two options (other than paying after the 9th):
> Risk the check being presented for payment on the 8th. You can drop it off very late in the day to make sure they deposit it on the 9th.
> Get a payday loan. Depending on the amount of the late charge versus the amount you'd be charged for the loan, it may be cheaper.
I'd drop the check off late on the 8th.... If mail is involved, then mail it on the 8th and pay the late fee...
Good luck, it's too bad they won't cut you some slack!
2007-03-01 15:55:09 · answer #2 · answered by Chef dad 3 · 0⤊ 0⤋
She would actually report this to a Credit Bureau? I gathered from what you are saying, you have lived there for a while. I am surprised she would do that especially since you have spoken with her. To tell the truth I thought you had to be over 30 days late in order to report to a Credit Bureau.
If your rent is due on the 1st of the month and you have a grace period till the 5th, there should be a late charge if not paid by the 5th. Sorry
I feel she is being a little hard on you, sorry to hear you have to go through this on top of your financial woes.
2007-03-01 16:19:08 · answer #3 · answered by Plain Jane 3 · 0⤊ 0⤋
If she accepts a partial payment, she waives the ability to evict for non-payment for this month. The "I heard..." part was wrong, the grace period is the "no late fee" period.
2007-03-01 15:59:59 · answer #4 · answered by kingstubborn 6 · 0⤊ 0⤋
You are at the end of the grace period? Maybe she will agree not to cash the check until funds are in your account. what choice does she have?
2007-03-01 15:41:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋