Updated almost 3 years ago on . Most recent reply
Tenant defaulting rent payment
My tenant has been missing timely rent payment, explaining her financial hardships. In an effort to change the tenant I said i need to sell the property once her current lease ends by Dec 31st. She sent a notice asking to deduct the rent from security deposit to which i responded over an email asking to pay rent and the deposit would be refunded after their departure upon assessing the property for damage if any made by them. She has not responded yet. I'm worried that the tenant is going to default on rent payment and that she would not vacate the property. I would like a consultation to explore my options legally. What would you recommend in this situation?
Most Popular Reply
Easy. You follow the remedies spelled out in your lease. Typically, if rent is late you assign a late fee and notify them you are starting the eviction process. Then follow through
Your lease probably requires the resident to have a security deposit so you never apply it unless the resident has left and still owes you money.
I’d also stop sharing your personal plans with the resident. When and if you sell the property is none of her business but telling her that now makes you look like the rich bad guy.