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Updated almost 11 years ago on . Most recent reply

User Stats

113
Posts
30
Votes
Dan N.
  • Investor
  • Austin, TX
30
Votes |
113
Posts

Pre-paid rent with post-dated check. When can I deposit it?

Dan N.
  • Investor
  • Austin, TX
Posted

HI there,

I have a tenant who unexpectedly sent me the next three rent payments with post dated checks. Apparently she will be traveling a lot and didn't want to forget to pay.

I have asked her to clarify her intent, but I was wondering if I'm obligated not to deposit them right away. It would be easier to do that so I can't lose them, but I could see how that might not be legal.

Thanks for any advice,

Dan

Most Popular Reply

User Stats

100
Posts
37
Votes
Scott Stevens
  • Savannah, GA
37
Votes |
100
Posts
Scott Stevens
  • Savannah, GA
Replied

Dan, your tenant was being responsible by sending you the three postdated checks ahead of time. From looking into the situation, I infer that she doesn't want you to cash them all at once. She was responsible, now be responsible and don't lose the checks. Put them in your underwear drawer.

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