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Answers (6)
- wordsmth
- Contributions:361
You evict the late-paying (or non-paying) tenant.
Simple.
The controlling document is the lease, which should provide for eviction in the event of non-payment of rent. There will also be city or county regulations. Those will specify the procedure to follow with an eviction.
Simple.
The controlling document is the lease, which should provide for eviction in the event of non-payment of rent. There will also be city or county regulations. Those will specify the procedure to follow with an eviction.
- Dunes....
- Contributions:3894
Being a Landlord and not having a Cash reserve to cover yourself if faced with vacancy/repairs/renter skips/eviction cost, they don't pay utilities is not the way to do it....Stuff happens
- Brad Andersohn, "bradandersohn"
- Contributions:165
That's a tough one as each situation is unique, but the person on the loan is ultimately responsible for payments including late penalties. Good clear effective communication between renter and rentee is the key to this one. Make the payments, pay the late fees, of move on.
- wetdawgs
- Contributions:26854
If you are paying your mortgage on time despite late rent, your credit is not affected. If you are not paying your mortgage or bills on time because of the late rent, then your credit is affected.
- ttrav123
- Contributions:3
ok so does that affect your credit if they have been late on making their payments? So lets say you have to evict them then are all those unpaid monthly payments on your shoulders?sorry im just starting to think about renting but have never rented before so im new to all the information.
- wetdawgs
- Contributions:26854
Failure to pay on time (as defined in the lease and with your state laws) can be reason for eviction.
what to do when renting your house and the person renting from you gets behind on their paymens?
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