Account Status Notification - Soft Collection Letter
Are Your Tenants IN ARREARS?The Account Status Notification helps keep your collection efforts organized while you try to bring your struggling tenant accounts back in good standing.
We should never let a tenant get behind in the rent or other charges, right? We are professional landlords and we know better than to let this happen, right? Why then does it happen anyway sometimes???
Using the LPA Urgent Late Notice as a model, I was able to tailor this form to suit my purposes to achieve the results I wanted.
The Account Status Notification easily updates the tenant of their account status, reminds them of any past due balances such as unpaid late fees, attorney fees, other unpaid charges, etc. and alerts them if legal action is pending.
It should be noted that if your lease provides for certain past due items be classified as "Additional Rent" or "Added Rent", the Account Status Notification can be used to show how you have used the most current payment to apply funds to the oldest charges owed first. This is much better to do during the tenancy, rather than in court during an eviction.
The form helps to avoid misunderstandings with tenants about what is owed and when it is due.
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