Landlord Question and Answer Forum

I have a tenant that needs to do partial payments for 1-2 months. I agreed to this still charging a late fee for the partial payments, but should I increase the rent if she needs to continue partial payments and what percentage should be charged.

Do you mean partial payments as in paying biweekly or weekly? I would not raise if they are paying the rent and the full amount on time. I also wouldn't raise it if they cannot afford the rent as it is either. I would do a payment arrangement if they are falling behind. SO for instance i have allowed my tenants to pay an extra 50 biweekly or 100 monthly to the rent until they get to the amount in full.

Posted by Sid F, PA on Wednesday, November 1, 2017

These side deals dont work. You are probably only kidding yourself as to whether they really can afford to stay in the home. That does not mean you can not be ethical and allow the number of days late your state requires before assessing a late fee, or waiting a day or two to write the memo threatening eviction for non payment.... but when you start down the road of negotiating the rent, your only negotiating with your self and setting your self up for financial losses much greater then the 30 days they are delinquent.

Posted by Richard W, FL on Monday, November 6, 2017

I did a split payment for a tenant, but I made sure that they were aware that if late on both dates they would be charged 2 fees of $25 for both.

Posted by Michele S, WI on Wednesday, November 8, 2017