Hello,
I own small office property. I have a new tenant who for accounting purposes ask if it is ok for him to provide me 2 checks per month -- he will still pay on the 25th every month -- but 2 checks instead of one. Me being a skeptic -- it immediately raisied flags. But -- in speaking to his old landlord they vouched that the payments have never been late.
Is this common? Thoughts?
2007-12-11 08:47:22 · 13 answers · asked by pneiko 1 in Business & Finance ➔ Renting & Real Estate
Shouldn't matter. So long as payments are made according to the lease agreement and there are no exclusions for multiple checks, and I've never seen that one, just be thankful that you have a tenant who pays on time!
2007-12-11 08:50:28 · answer #1 · answered by jwishz 7 · 1⤊ 0⤋
NEVER!
As a landlord myself...this is the legal reason why: If your rent, is let's say $1,000 per month, and they pay you $500, and at the end of the month, you don't get the other $500....you CANNOT file for an eviction for non-payment. The court will say that you accepted a partial payment, and will make you wait until you have went a full 30 days without any payment, before you can file.
I learned that the hard way as a new landlord.
2007-12-11 09:08:04 · answer #2 · answered by Expert8675309 7 · 0⤊ 0⤋
Are the two checks made payable on different dates? In other words one check made to you on the 5th and then another on the 25th? Paying for rent with 2 separate checks is kind of strange. Perhaps he has a silent partner and one account is his. If it is for accounting purposes that would be why. If it is accounting then i`m amazed because the cost of the checks would not make any accounting since.
2007-12-11 09:04:36 · answer #3 · answered by Big Deal Maker 7 · 0⤊ 0⤋
Depends on what the Lease stated. Usually 24hrs notice and a resonable reason as to why he's checking the place out is good enough for most people. If he just comes around without notice, and it's not stated in the lease/rent agreement that he can, then you don't have to let him in and can press charges stating he broke the lease/rent agreement and trespassing. Not a good idea if he does that. Most people are willing to work with you if you treat them with respect. *edited due to me missreading the question the first time.*
2016-05-23 02:44:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Income is income. If the checks are from the same account at the same bank, then I don't see what your tenant could be trying to accomplish, I see no benefit to him/her. But, I don't think it matters; as long as the tenant's money comes from a legal source, then there is no rule that I am aware of regarding the form of payment.
2007-12-11 08:55:04 · answer #5 · answered by rimbaud 2 · 0⤊ 0⤋
Many people make biweekly payments and are among the most regular in paying. You would be foolish to make an issue of this. Instead ask if a biweekly pay plan would better suit the tennant.
2007-12-11 09:07:04 · answer #6 · answered by donfletcheryh 7 · 0⤊ 0⤋
Sounds kind of weird. Like maybe he for tax purposes is claiming one of the checks as rent and not the other. Are they from two different accounts? Is his wife on one and not the other? Regardless as long as hes not doing illegal and the checks are good what do you care.
2007-12-11 08:53:03 · answer #7 · answered by rgs3girls 3 · 1⤊ 0⤋
Maybe he just likes to pay for 2 months at a time because he feels safer that way? Who knows, maybe he is paid sporadically or just prefers to have the rent covered ahead of time when he has that much money.
2007-12-11 08:56:08 · answer #8 · answered by jellybean24 5 · 0⤊ 0⤋
He might be giving checks drawing from different accounts. Or he might be pulling some BS so someone can't trace your rent amount to his checks. Alimony, taxes, something. It's fishy but if you're getting paid it's noting illegal on your part.
2007-12-11 08:51:53 · answer #9 · answered by redplumbbabythumb 3 · 1⤊ 0⤋
It's not common but if the checks are valid and on time where's the problem
2007-12-11 09:31:27 · answer #10 · answered by BEBE 2 · 0⤊ 0⤋