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Landlord Tip Of The Month - April

Landlord Tip Of The Month - April

Don't forget to collect the rent on time!

Sounds daft doesn't it - who would knowingly not collect the rent?

Unfortunately we see many problems with eviction or arrears that all started with a 'laid back' attitude on the part of the landlord on the day the rent was due.  If rent is due on the 1st, make it clear to tenants that you expect it to be in your account on the 1st and if not, what action you will take.   We find that as long as that is understood and they realise that as long as they discuss any problems in advance - like 'my grant will not come through until the 8th, can I pay you then?'  then that will be fine.  But when you have to chase them on the 2nd as they have not had this conversation with you, they need to understand that you have a process and will follow it and if payment is not forthcoming you will contact their guarantor on say, day 3 after payment due. 

It may seem a chore to check all the payments every month and chase any late ones - but in our experience, this is far preferable to the problems that arise once arrears start to pile up and last months payment becomes this months and....

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Written & oral information and advice from the Portsmouth & District Private Landlord's Association is given in good faith, but no responsibility whatsoever is accepted by the Association or it's officers for the accuracy of it's information & advice nor shall the Association be held responsible for the consequences of reliance upon such information.

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