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RENT
COLLECTION COSTS:
Collecting Back Rent isn't free. Be sure you have a clause in your
lease that states you have the right to add collection costs and or
collection attorney fees. Some cases or states these charges may be regulated or not
permitted. Most do and the limit is a "standard or customary charge"
So you can't go and charge your tenant $10 million to collect
back rent. |
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SUGGESTIONS ON GETTING PAID YOUR
RENT |
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1. Perform a credit check on the
tenant prior to them moving in. |
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- See our
Tenant Screening Service.
Free landlord setup. |
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- Have the tenant complete the
Rental Application. Get it
here, free. |
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2. Get references and verify them |
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3. Sign a lease with the tenant.
Collect social security number and driver license information,
make a copy of each and put in a secure location to avoid theft
of data. |
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These steps may not guarantee you
the tenant will pay you, but if you have to proceed to evict or
late try to collect back rent, the more information you have on
the tenant, the easier it will be trace them down and MAYBE
collect the rent you are due |
| IF YOU NEED TO COLLECT BACK RENT |
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ALSO YOU MAY: |
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contact your
lawyer.
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if
your rent is
subsidized, check whether the subsidy program will
help (Section 8
etc)
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use a
collection agency. Did you use a
Tenant Screening Service? If so, contact them and see
if they offer any services and if you can report the tenant. BE
SURE YOU CAN VERIFY the amount owed.
Non-payment of rent:
The landlord must inform the tenant in writing that full rent is due
by a specific deadline or the lease will be terminated.
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