Updated about 8 years ago on . Most recent reply
New Tenant Wants Employer to Auto Deposit Rent Weekly
My new tenant, who will move in Oct. 1st, has requested that her employer automatically deposit rent into our account weekly. Our bank said they would do it and it all sounds good to me, but I have never collected rent like this before. I'm planning to call her employer to confirm and find out what day she gets paid. Just thinking through how to set it up in the lease agreement. She will pay Octobers rent upfront as part of the first months rent and security deposit required to move in. Looking for advice, especially for writing the lease agreement "payment of rent" section, and any potential pitfalls of collecting the rent this way. Thanks for reading my post!
Most Popular Reply
Come time for eviction will it be more difficult to process with the rent being paid by the employer rather than the tenant.
Make it crystal clear to the tenant that any issues with the payment of the rent the tenant will be held responsible. The excuse "my employer made the mistake" will not be acceptable. When rent is not paid on time the tenant should be immediately issued the pay or quit notice before seeking any explanations from the tenant. The tenant must be held liable for any and all late fees.
In the case of auto payment no excuses for not payment should be accepted and no leniency should be shown for late payments.
Be very aware that payments will immediately stop in the event the tenant should become unemployed.



