Updated about 7 years ago on . Most recent reply
Tenant wants to pay bi-weekly. Thoughts?.....
I have a tenant who would like to pay half the rent every two weeks to coincide with payday. I have been playing around with agreement wording (suggestions welcome) but am not sure of any negatives to agreeing to do this. My thoughts have been trying to figure out pitfalls of late fees, and how to bi-weekly could affect eviction if needed.
Anyone have experience doing bi-weekly? Thoughts and ideas greatly appreciated.
Vic