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Updated over 10 years ago on . Most recent reply
Pre-paid rent with post-dated check. When can I deposit it?
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
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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.