|Landlord Newsletter Oct 24, 2011 | Rent Statement|
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October 24, 2011
In this issue:
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Rent is Paid More Timely When the Tenant Receives a Monthly Rent Statement
Whether you mail your tenant a monthly statement the same way your bank mails you your credit card statement, or supply your tenants with a Payment Book with pre-printed payments slips, the results are the same. The tenants are reminded of what they owe, when it is due, and what the penalties are for not paying on time.
Most landlords have positive results and more timely payments when using a Rent Statement mailer. It helps tenants Want to pay their rent on time and preserve their credit record with their landlord.
The Rent Statement displays the key monetary terms agreed in their lease. That's important because the tenant is reminded of these key items every month when they fill in the amount of their payment before sending it.
Tenants find it a little intimidating and a little more official when their Social Security # is on a document. This part is optional and need only be included at your discretion.
On the top right below the rental address is a payment breakdown area which includes:
The top tear off slip instructs the tenant to whom to make the rent payable...
Rental Binder - Deposit Receipt
Many landlords and real estate agents across the US use a basic Rental Binder to secure their rental deals. Although the Rental Binder is often used as a basic rental agreement, it is not and should not be used as a rental agreement or rental application. It is a pre-contract form, a binder receipt, proof that an offer has been made with an earnest money deposit.
Upon written acceptance of the offer by the owner/agent of the rental, it becomes a binder, whereby it is agreed that the rental will not be rented to anyone else before the agreed lease signing date. It is a good idea to use a rental binder form as a first step to solidify your rental deal with a non-refundable deposit, while also settting up the proposed details of your pending lease agreement, such as time, place, date and what the tenant will be expected to bring to the meeting.
Although the binder receipt is included in the LPA Rental Application, this form is especially helpful to rental agents who collect their real estate commission from the tenant because it also provides for a written agreement of the rental commission.
John Reno also does Mortgage Loan Modifications (Nationwide).
Dear Mr. Reno:
She says she is taking me to court and suing me for damages and defamation of character. She says she will not leave. I have already brought in the police.
Can I lock her out - hand her a cashiers check and her suitcases and shut the door? I do not want her here past 30 days. She is not on the lease.
I don't want her money. I just want her gone. - Dorothy B., NYC, NY
A: NO, NO, NO - you took rent from her - she's your tenant - you'll have to evict. Sorry!
If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
"Where's the Rent?" Tenant Rent Excuses
"I'm a good tenant, because I've never NOT paid". But, she's late every single month for some wonderful reason. - Jude, KY
"I worked too much this month so my government check was short" ... They are both on government support. - Barbara, New Mexico
"Could you please file a Landlord/Tenant Complaint so I can get financial assistance to pay you the rent?" - I did, and they got the financial aid but didnít give it to me! Her request ended with her eviction -of course! Melissa, PA
Did You Know...?
If you ordered any LPA forms in the past 15 days, the LPA will credit back to you the cost of those orders when you email us your new LPA Membership order #.
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