Late Payment

Phil Querin Q&A: Late Rent Payment Agreements and Bounced Checks

 

Question:  I have made an ongoing accommodation to a tenant that he can pay his rent on the 11th of the month. Because of a pension from the employer he retired from, funds are deposited to his bank on the 10th of every month. Earlier this month, we accepted his personal check and that check bounced. That is the 3rd time in the past 13 months that his rent checks have been returned to me. This tenant is otherwise a good resident, but the frustration has brought me to ask the following questions:

  • Have I created a problem for myself by agreeing to rent being due on the 11th of the month instead of the 1st of the month? 
  • Is there an MHCO form that can address this problem?
  • Can I charge this tenant a late fee for bounced checks along with the NSF fee (This is not addressed in my park rules and regulations but is addressed in the MHCO rental agreement 5A)?
  • Can I insist that this tenant pay his monthly rent by Certified Check or Money Order?