Partial Rent Payment : ezLandlordForms

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Mike M

started a topic about 14 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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Donna

said about 14 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.

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Null

said about 14 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.

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David C

said over 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.

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Ryan H

said over 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.

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Pamela R

said over 9 years ago

my late fees accrue till all rent is paid in Full.

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Joellyn L

said over 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.