Pre-paid rent with post-dated check. When can I deposit it?
HI there,
I have a tenant who unexpectedly sent me the next three rent payments with post dated checks. Apparently she will be traveling a lot and didn't want to forget to pay.
I have asked her to clarify her intent, but I was wondering if I'm obligated not to deposit them right away. It would be easier to do that so I can't lose them, but I could see how that might not be legal.
Thanks for any advice,
Dan
Most Popular Reply
Dan, your tenant was being responsible by sending you the three postdated checks ahead of time. From looking into the situation, I infer that she doesn't want you to cash them all at once. She was responsible, now be responsible and don't lose the checks. Put them in your underwear drawer.