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My tenants are two weeks late. The rent is being paid by a company they work for and I haven't received rent. They insist the money will be paid, but that the owner of the company is sick. When do you push the panic button? This is month 2 of a 10 month lease.

2007-09-14 07:11:52 · 12 answers · asked by drf2684 1 in Business & Finance Renting & Real Estate

12 answers

I give my tenants a 5 day grace period, and it's written in the lease they sign at the beginning. If rent isn't received after the 5th day, I give them a notice stating that they have violated their lease and rent is due immediately or vacate the premises. If this fails to get results, I start legal action.

2007-09-14 07:31:57 · answer #1 · answered by havetowait 5 · 1 0

Once they're late, send them the 3-day Pay or Quit notice. Follow through with court action if the rent isn't paid. The tenant is responsible for paying the rent to you. If a 3rd party is paying the tenant, that's between the tenant and the 3rd party.

When rent is unpaid you can actually start eviction proceedings the day after it was due. It's a good idea to give them a FEW days past the due date but do NOT let them string you along. Once they know you are serious, they'll figure out a way to make sure you get your $$$.

2007-09-14 14:57:37 · answer #2 · answered by Bostonian In MO 7 · 0 0

You should probably start now. Two weeks is plenty for the company to pay. You should serve the 3-day pay or quit notice and then if nothing happens go ahead and file the eviction complaint with the court. You'll have about 10 days before the eviction hearing to clear things up during which the tenant can still pay you the rent.

Its a good Idea to show the tenant that you are not going to tolerate late payments, also since it takes like a month to evict someone ytou should get on it as soon aspossible

2007-09-14 14:22:27 · answer #3 · answered by Ron N 2 · 1 0

consult your lease first. In my leases If after the 6th of the month if no rent is received I send out by certified mail a seven day quit or pay rent notice.after that time is up I immediatly go to courthouse and file a judgement. every state is different on this and you can consult aneviction attorney or call the courthouse yourself to see what steps to take. the main thing is that these procedures take a long time so you want to get started early because it can stop at anytime they get rent caught up. I am also going thru this situ right now. It's definetly a bummer when people don't pay. They don't realize that you have responsiblities as well and can't giive excuses to your creditors.

2007-09-14 14:27:09 · answer #4 · answered by kamisha100 3 · 0 0

When a tenant is late past 5 days, there is a 5% late fee charged. By 30 days, an eviction notice is given and Marshall's orders are carried out.

This is NJ and I live in an apartment complex.

2007-09-14 14:41:29 · answer #5 · answered by Anonymous · 0 0

In California, if rent is owed on the first and due on the 5th, then on the 6th, I put a 3 day pay or quit notice to start the eviction process. Check to see what your state laws are.

Regards

2007-09-14 20:09:09 · answer #6 · answered by Anonymous · 0 0

What does the contract say? Laws differ in every state. What you have to do is send them a notice through certified mail. Giving them a certain time frame to come up with the money. If they try to give a partial payment before the deadline, you have to take it. If you refuse the partial payment they can take you to court. Make another deadline for the rest of the money and give them another deadline. You can make the deadline for whenever you want. Make sure you put all their information, names and adresses on the letter. Keep copies and records of everything. If they do not come up with the rent before the deadline, you do not have to accept the payment and start legal proceedings. They cannot sue you for unlawful eviction. You really need to find out what the laws are your state. Look up tenant landlord laws and you should find it.

2007-09-14 14:40:27 · answer #7 · answered by HotNurse71 4 · 0 1

One day after the late fee starts, in most cases 3days. If you wait longer, it takes longer to get your tenant out and new money rolling in by a paying tenant.
On an fed or unlawful detainer action, once you get judgment to have the sheriff evict physically, their/your lease is void, so press on and get it started.
The deposits will be eaten up by court costs, late fees and loss of rents.

2007-09-14 14:22:09 · answer #8 · answered by CW L 3 · 1 0

30 days

2007-09-14 14:16:19 · answer #9 · answered by Jason C 1 · 0 0

I'd give them their 30 day notice right now, that means they've got 30 days to pay or you're taking them to court. If they're legit, their company will have things straightened out by then.

2007-09-14 14:19:15 · answer #10 · answered by Roland'sMommy 6 · 1 0

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