Security deposit and first mo rent.

[Bryan Ju]

I have a property that I recently bought and rehab in IL. I placed the property in the market even before not done with the rehab and found a tenant. I placed the property in the market for rent prior to the final inspection of the village. My tenant was supposed to move in this week however the inspector want me to fix minor things before I can get a occupancy clearance. I will have my final inspection again in 2 days and positive that I will have the clearance since we address the issue already. We already signed the lease agreement but my tenant failed to pay his security deposit and first mo rent through cozy.cohe said he will pay when i get a occupancy clearance from the village. How do I handle situation like this. Thanks for all the help.

[Anthony Wick]

@Bryan Ju

Get the certificate and give them 24 hours to pay. I don’t blame them though. Your unit isn’t ready to legally rent and you’re asking them for money.