Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Daniel Barnes
  • Investor
  • Rockwood, TN
1
Votes |
5
Posts

Problems with partial payments.

Daniel Barnes
  • Investor
  • Rockwood, TN
Posted

Here's the problem I'm having with a lot of my tenants. Many of them come rent due date like to pay $300 here and then $100 there maybe a week later and then when I really get on them $50 more  later. The way they pay is by taking there payments with a filled out deposit slip to my bank and deposit funds. I do enforce late charges and Pay or quit notices on those that don't pay. My question is, can I enforce a Pay or quit notice when they have partial paid to get the full amount? If  not how do I stop them from putting partial payments in my account? I'm in Tennessee and really not sure what the laws are on this. Any direction would really be appreciated. 

Most Popular Reply

User Stats

2,613
Posts
2,104
Votes
Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
2,104
Votes |
2,613
Posts
Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
Replied

Not sure of the laws in your area, but sometimes you can't evict on partial payments.

You are setting up a bad precedent with allowing people to make partial payments. Some judges would frown on that it you tried to move forward with an eviction since you allied this is the past. 

Just don't accept their rent unless the have the full amount

business profile image
Engel & Völkers | St. Pete
5.0 stars
14 Reviews

Loading replies...