Face it: late rent payments will happen. But, what can you do?
What to Do if a Tenant Doesn’t Pay Rent
Make sure you’re fair and consistent when it comes to late rent payments. You need to apply the same rules to all of your tenants. You also need to make sure rent payment instructions are in the lease. In South Carolina, there is a statement in the Landlord Tenant Act that states how this should be handled.
According to the law, if tenants don’t pay rent on time, the language in the lease is their notice. If rent is not paid within five days of the due date, the landlord can start the eviction process. The tenant won’t get any other notice while living in the rental unit. Make sure your lease states this.
Paying Rent Late: Property Management of Greenville
Train your tenants to pay rent on time. Let them know it’s not okay to pay late. In the lease, address the consequences of late payments. If there is a late fee, make sure the lease states how much that will be. In the Greenville area of South Carolina, most late fees are between $35 and $50. At Above Property Management, our policy is that rent is due on the 1st of the month. It’s late on the 6th of the month, and on the 10th of the month, we start evictions. Our tenants know that, and they comply.
It’s important to have fair, consistent rules when it comes to late rental payments.
If you have any questions about rent collection or what to do if a tenant is not paying rent and won’t leave, please contact us at Above Property Management. We provide property management in Greenville, South Carolina, and we’d be happy to help you.
