Accepting partial rent????
Hi All,
I have two tenants that have been with me for just over a year now. Their lease is officially expired and they are going month to month. They are nice enough fellas, but they are habitually late every month. Out of 20 tenants I spend 90% of my time every month hassling these two guys. Back in December they got behind by two months. I agreed to waive the late fees just prior to Christmas to help them out.
They were late in January.
I started clamping down in February and served them with an eviction notice in February. They paid within the 3 days. All along they keep explaining how one of the tenants has his share but the other is always behind. I was advised not to accept partial payment and therefore do not accept any payment till the full amount is paid.
The tenant that's always behind asked if I would be willing to accept his half of the rent for the next 4 months when he receives his tax refund. Something about inability to manage his funds.
My attorney said I might could draft some form of agreement stating that I'm accepting x,xxx.00 from Bob for his half of the rent and Billy is responsible for the other half. I mentioned my attorney said we could do something of the sorts and they both seem overly eager to do such a thing which raises red flags also.
Just a PITA dealing with these guys. Curious what others would do in a situation like this.