Towing Tenant Vehicles When Rent Is Late
I had this idea I've been malling for about 5 years now, it's related to car title loans with process collections, it's always been complicated so I never got past the legal phase... but then the other evening it hit me, we could just impound vehicles when rent is late, with correct contract wording as always... lol
With some of our MFUs or THs, we have assigned parking to vehicles, or assigned parking to the property. Even the HOA's for example will tow vehicles on any properties that are not in good standing with them... so with a contract, I don't see why we can't do the same.
I know the Landlord Tenant Act in Virginia does not cover this, but it made me think, what if we gave them a 5 day notice to pay rent, plus with that, a notice that their vehicles would be towed after the 5 days if not paid, that is of course assuming our leases have an addendum or wording to give us the right to do that.
Has anyone done this, or ran into any issues?