As a landlord, what do you do against defaulting renters? How do you cope with late rent payments? Read this article and learn more.

for the purpose of not standing at a disadvantage with your renters in the future, every landlord must take due diligence when concluding a tenancy contract between the tenants and himself. You might need to consult an estate broker or a Suffolk landlord-tenant lawyer on this issue so as to do a good job. But, the two parties should understand the terms of payments. Like the day the rent payment is due, how rent payment is to be made, who to pay to or where to pay or means of payment must be cleared. The landlord must also specify when the rent payment is late.

If the term is understood by the renter and he still went ahead and didn’t pay, the landlord is able to the following. One should however inform the readers that the steps to take against rent defaulter vary from State to State. There are few general ones that can be applied by an ailing landlord.

Issue a rent notice: the first thing to do in this situation is to send a Notice of Rent to the renter; make sure the mail is got by him. This will inform him that his rent is late and that he is obliged to pay. Also inform him that late payment is against the tenancy agreement he appended to, and that the consequences of defaulting can mar his credit rating.

Make a phone call: After 2 days you have delivered a Notice of Lateness and there has been no answer from the tenant, you can make a phone call. The call is to find out what might be wrong. Calmly announce the lessee of the consequences of his action if he rejected to pay by a specific time, you will commence an evicting proceeding against him. What is more, you may do is to send a Notice to End Tenancy Early for Nonpayment of Rent. Require exactly what you wish from the renter by a specific time.

Eviction notice/attorney letter: Another thing you may do to follow up the steps previously taken is to announce your lawyer to write an eviction notice to the tenant instructing him to pay or face the consequences. You should demand that the tenant must pay or face the repercussion of an eviction lawyer. You should be specific about the term the payment should be made and be prepared to follow the eviction procedures if the renters declined to pay.

Eviction procedures: At the end of the stipulated time, if the time elapsed and the tenant has not paid the stipulated sum nor vacate the property, then inform your lawyer to start the proceedings to evict the occupant. If not you don’t want to end up losing huge sums of money as rent select a lawyer vastly skilled in landlord/tenancy eviction to speed up the proceeding of the case.