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When you list your house on the market, the first thing you need to do is to set a reasonable monthly rent.As a landlord, take a proactive approach and minimize the risk of receiving late payments by verifying the tenant’s income and employment status before they sign the lease. Sometimes it’s the result of financial hardship. Late rent payments are not always due to indolence or procrastination.Generally, late rent notice should include essential information such as the apartment unit number, the tenant’s and landlord’s names, and all other terms and conditions related to the payment terms outlined in the lease (i.e. What Should You Include in a Late Rent Notice? Should eviction become an option, your record of late rent notices would be your defense for evicting the tenant should he/she challenge the eviction in court. However, if late rent payments become the norm, you might have to consider evicting them. It would be great if the tenant was late paying rent once or twice during their lease. Sending the notice via email is also an option if visiting the property is inconvenient for you. Once you have written the notice, you can either hand-deliver it to the tenant or send it via courier service. Instead of giving those tenants a verbal reminder, send them a well-drafted written notice of late rent and save a copy for yourself. It is of utmost importance that you keep a record of tenants who consistently pay their rent late. If you don’t find guidance from the law, consider adopting best practices or traditional rent payment dates–for most, rent is due on the first day of each month. If the payment date is not already set, look to local or state laws to figure it out. It is advised that the landlord sends the notice the first time the tenant fails to make a payment by the due date. If the tenant fails to pay rent by the due date, the landlord can send a past due rent notice. When the lease is signed, the landlord and tenant mutually agree on a certain date of the month as the due date for rent payments. What is a Late Rent Notice?Ī late rent notice, which is also called a past due rent notice, a notice of late rent, or late rent payment letter, is a formal written notice that the landlord gives the tenant that states that the rent is already late and requests that the tenant remits payment as soon as possible.įor context, you can think of a late rent notice as the first step towards evicting the tenant from the property if the tenant does not pay up. Therefore, landlords should take proactive steps to address late payment issues, and issuing a late rent notice is one option that can help landlords claim the money due to them. Late rent payments are a touchy subject regardless of whether it is the landlord’s primary or secondary source of income. In addition to their many responsibilities, landlords also have to pursue late payments when a tenant doesn’t pay their rent on time. That may be true to some extent however, what people don’t realize is that landlords have some pretty hefty responsibilities, like monitoring the general upkeep of rental units as well as being on-call 24/7 in case of a tenant emergency. They find it’s one of the easiest ways to make money. People always aspire to become a landlord.