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Updated about 5 years ago on . Most recent reply

User Stats

101
Posts
64
Votes
James Nix
  • Rental Property Investor
  • Philadelphia, PA
64
Votes |
101
Posts

Tenant Wants To Pay Partial Rent

James Nix
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi Everyone,

I have a situation where my tenant texted me today (Which is the 4th-grace period ends tomorrow) & informed me that "she currently only have $500 for rent & wanted to know if I would like to take that portion now or would I like to wait for the full amount." 

Well her rent is $755 and she would always pay on the 4th or the 5th so I wasn't really prepared for this because she never was late before. So my question is how do I handle this?

I know that eviction notices get tricky if you collect partial rent so I would love to hear from more experience investors   

The property is a duplex in Philadelphia & this was a inherited tenant so the old lease tell me its a $50 late fee

Most Popular Reply

User Stats

45
Posts
17
Votes
Bob Paxson
  • Flipper/Rehabber
  • Philadelphia
17
Votes |
45
Posts
Bob Paxson
  • Flipper/Rehabber
  • Philadelphia
Replied

I am in Philadelphia and I would take the money!  Also get the tenant to sign a receipt stating when the will pay the remaining amount and in no way does this satisfy the rent that is due...also explain at the same time you receive the money you will be providing a notice to quit (start eviction). This way if they don’t through with remaining payment you have things in process already. Set the tone and be firm and fair.  

The same situation happened to me and I’m sorry I didn’t take the money  when I had the opportunity.....Lesson learned.  

  • Bob Paxson
  • Loading replies...