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Updated about 9 years ago on . Most recent reply

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Mike Davidson
  • Carrollton, TX
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Bank account number for direct deposit of rent

Mike Davidson
  • Carrollton, TX
Posted

Drawing up a new lease for an existing tenant. They want to setup an automatic payment directly through there chase account. The standard lease simply asks for Place of Payment with name and address. Should I give the account number for direct deposit when I meet them to sign the lease or should I provide the account number on the lease somewhere? 

The rent used to go to my property management company before who I just fired so I am a newbie in this drawing up the lease myself for the very first time. Thanks in advance!

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied

Open a new checking account at your bank. The bank teller person will get a bonus or whatever, it wont cost you anything, and you can keep separate your direct deposit rent from other stuff.

  • Chris Mason
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