What Should You Do When Rent Is Unpaid?
As a landlord, what do you do against defaulting tenants? How do you cope with late rent payments? Read this article and know more.
for the purpose not to stand at a disadvantage with your occupants in the future, each landlord should take due diligence when putting up a tenancy contract between the renters and himself. You might need to consult an estate broker or a landlord lawyer on this issue so as to do a good job. But, the two parties should understand the terms of payments. Like the day the rent payment is due, how rent payment is to be done, who to pay to or where to pay or means of payment must be cleared. The landlord should also specify when rent payment is late.
If the period is understood by the lessee and he still went ahead and didn’t pay, the landlord might do the following. One should however inform the readers that the steps to take against rent defaulter vary from State to State. There are few general ones that may be applied by an ailing landlord.
Issue a rent notice: the first thing to do in this case is to send a Notice of Rent to the tenant; make sure the mail is got by him. This will inform him that his rent is late and that he is obliged to pay. Also inform him that late payment is against the tenancy agreement he appended to, and that the consequences of defaulting can mar his credit rating.
Make a phone call:
After 2 days you have served a Notice of Lateness and there has been no response from the renter, you can make a phone call. The call is to find out what might be wrong. Calmly announce the lessee of the consequences of his action if he rejected to pay by a specific time, you will commence an evicting proceeding against him. Another thing you can do is to send a Notice to End Tenancy Early for Nonpayment of Rent. Require exactly what you want from the renter by a specific time.
Eviction notice/attorney letter:
The next thing you can do to follow up the steps previously taken is to announce your lawyer to write an eviction notice to the renter instructing him to pay or face the consequences. You should require that the tenant must pay or face the repercussion of eviction. You should be specific about the term the payment should be made and be ready to follow the eviction procedures if the renters rejected to pay.
Eviction procedures:
At the end of the stipulated term, if the time elapsed and the tenant have not paid the stipulated sum nor vacate the premises, then inform your lawyer to start the proceedings to evict the lessee. If not you don’t want to end up losing huge sums of money as rent select a lawyer vastly skilled in landlord/tenancy eviction to speed up the proceeding of the case.
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