Re: Rent--once/mo or twice a month--legal? - Landlord Forum thread 264771

Re: Rent--once/mo or twice a month--legal? by OK-LL on August 23, 2012 @09:34

Glad I don't live in Cali! I have 2 tenants who would like this twice-monthly payment accomodation and I agreed for an additional $25 per payment. Split payments mean the funds are not available to me on the 1st when I need them, I have to open and update my bookkeeping twice rather than once in the month, trips to the bank, etc. I figure that's worth at least an hour of my time, and a bargain at that rate. One accepted the terms and the other figured out a way to put 1/2 her rent away on the 15th and therefore have money to pay both halves of her rent on the 1st. If you are M2M, this type of arrangement converts your rental to semi-monthly rather than monthly and all notices, etc., must conform to this term.

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