New Tenant Wants Employer to Auto Deposit Rent Weekly

[Heidi Dunn]

My new tenant, who will move in Oct. 1st, has requested that her employer automatically deposit rent into our account weekly.  Our bank said they would do it and it all sounds good to me, but I have never collected rent like this before.  I'm planning to call her employer to confirm and find out what day she gets paid.   Just thinking through how to set it up in the lease agreement.  She will pay Octobers rent upfront as part of the first months rent and security deposit required to move in.  Looking for advice, especially for writing the lease agreement "payment of rent" section, and any potential pitfalls of collecting the rent this way.  Thanks for reading my post!

[Heidi Dunn]

@Dan Schwartz @Thomas S. @Colleen F. @Al Williamson @Duane Gunkler @Jaysen Medhurst Early on I felt very uncertain with this tenant, but after an application, credit report and talking with her in person I decided to go for it.  I also talked with her employer, which she has worked at for over 20 years.  Here is how I worded the Payments section of the lease:

I hope my wording of the contract alleviates any future issues with accepting payment this way.  Most of all I hope my new tenant never has issues paying the rent and takes care of the property.

Thanks so much for everyone's input.  It helped to shape the wording of the contract.  I'm so glad to be part of the BP community.