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Updated over 6 years ago on . Most recent reply

User Stats

131
Posts
129
Votes
Timothy VanWingerden
  • Real Estate Broker
  • Lexington, KY
129
Votes |
131
Posts

MTM lease pay every 14 days?

Timothy VanWingerden
  • Real Estate Broker
  • Lexington, KY
Posted

I have an inherited tenant who would like to make bi-weekly payments. 

It would be something I am interested in doing namely because after a year, she will have paid an additional month's rent (26 payments/2 = 13).

However, just wondering if having 14 days payments in a lease will make it more difficult to proceed with an eviction process? I wouldn't have approved of this particular tenant, but when weighing the cost of turnover, I think its worth putting her on a month to month lease to give her a chance. 

Any one else who does biweekly payments? How do you set this up in your lease?

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