Re: Payment options - Landlord Forum thread

Re: Payment options by OK-LL on August 7, 2012 @16:37

I'm still struggling with this concept. How is receiving a partial payment deposited directly to your bank account & then returned promptly by you to the tenant, any different from a tenant handing you in person a partial payment in cash, & then you return it immediately upon counting and discovering it is short?

At what point is a payment "accepted" by the recipient? I'd argue that the payee has a reasonable time to reject the partial payment. In the case of cash hand-to-hand, that reasonable time is probably about a minute. In the case of a direct deposit, I'd argue that a reasonable time is shortly after the payee has discovered the payment was made.

I don't think a LL has to be afraid to allow direct banking rent collection methods, so long as he is diligent in reviewing the bank activity and rejecting unwanted payments.

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Re: Payment options by Bryan (Ia) on August 7, 2012 @17:08	[ Reply ]

When a T hands me cash, I count it before writing the receipt. If it is short, I can refuse to accept it and write no receipt. Can't do this with a direct deposit.

Re: Payment options by anonymous (CA) on August 7, 2012 @18:53	[ Reply ]

the online services do have a 'all or nothing' option. that argument is not a valid one to deal in cash as the same can be done online and with less drama.

Re: Payment options by Bryan (Ia) on August 8, 2012 @11:22	[ Reply ]

Some may have, but if you've read here for any length of time not all of them do.

Re: Payment options