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General Property Management
Partial Rent Payment
M
Mike M
started a topic
over 13 years ago
I have a tenant who is a cronic late payer since day one. Tenant paid half of Sept rent on 9/14. Lease agreement says it must be paid on or before the 5th. Being that I have accepted partial rent, can I still evict tenant? I want them out before they get into my pocket much more.
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D
Donna
said
over 13 years ago
Accrding to TN law :66-28-508. Waiver of landlord's right to terminate. — If the landlord accepts rent without reservation and with knowledge of a tenant default, the landlord by such acceptance condones the default and thereby waives such landlord's right and is estopped from terminating the rental agreement as to that breach.
n
null
said
over 13 years ago
Charge a late fee and try putting them on a bi-monthly plan and stick to your guns. Forewarn them to get their act together, or face possible eviction.
D
David C
said
about 9 years ago
Depending on your relationship with the tenant it really is up to you. Make sure that the 5% would be enough to cover any expenses that you may have to pay out of your pocket for a missed mortgage payment or any other fee you may get because of not being able to pay.
r
ryan h
said
almost 9 years ago
It totally depends on you and what is their in your lease papers. Although, when i had rented with Tropicana Realty, they never charged any extra money from me whenever, i was late in giving them the rent. But that was because i used to inform them about it in advance.
P
Pamela R
said
almost 9 years ago
my late fees accrue till all rent is paid in Full.
J
Joellyn L
said
almost 9 years ago
To answer your question, my lease states that the late fee applies until all rent is paid in full. Check your lease, you may be able to charge 5% on the full amount.
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