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Updated over 16 years ago,
due date change
Hello I have two questions.
I have a new tenant that pays late and always pays the 25.00 late fee. He pays towards the middle of the month not on the first. When he is late I send my certified mail letter (not the 3-day notice, that comes next and I have not had to send this for him) and then he pays the rent with the fee-he deposits this into our acccount.
Now, I have a different prospective tenant who wants to move in and have her due date be for the 16th of the month because that is when she gets paid.
Should I allow her to do this and also should I offer the first tenant the option to pay mid-month if his job is the issue (he has never explained why he is late and I don't ask, I just send the letter because I intend to send a 3-day notice and then to evict if I do not receive rent within a few days of the first letter and I explained this to him when he signed the lease).
Is there any downside to accepting rent mid-month and if I changed the first tenant to this, is there a way to prorate this so that we are not out anything? (i.e like when someone signs a lease and you accept the full months rent and then the next month they only pay a partial rent because of the date that they moved in-I hope this makes sens. Thanks in advance for any guidance.
P.S. I am only considering changing the first tenant to mid-month if after I speak with him he lets me know that his job pays him then. And would it be unfair if I let the prospective tenant move in paying mid-month and then he finds out and wants to do that too.