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Updated over 1 year ago on . Most recent reply

Sandra Youngblood's profile image
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Sandra Youngblood
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Sandra Youngblood
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Sandra Youngblood
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General Landlording & Rental Properties

Lease language - Tenant is paying half rent monthly, half rent annually

Sandra Youngblood
Posted

My tenant is paying for half of her lease monthly.  Her ex-husband is paying the remaining half in one payment up-front.  How do I craft this lease language to protect myself?  

Southeast NC, North Carolina
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Glen Wiley's profile image
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Glen Wiley
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  • from Richmond, VA
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Glen Wiley
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Glen Wiley
  • Investor
  • Richmond, VA
Replied

This sounds like a potential headache, so many ways it can go wrong or get complicated. I would keep the lease language specifying monthly rent payments. If they pay more up front that is fine, you can credit the balance.

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