People think that if youre a landlord, youve got it made! You just stay at home, make sure that the rooms or houses that youve leased out are well maintained and, at the end of the month (or at the end of the week, depending on your arrangement with your tenant), you will receive a check amounting to the rent thats due. If you live in an ideal world, that would be great. But you live in the real world a place where tenants are remiss with their responsibilities; where the cost of maintenance may be more than what you earn in rent; where rent is not always paid on time. As a landlord, you would have to deal with all these issues, and of all the problems a landlord can face, the most difficult task would be collecting or reminding tenants of late rent. Not all landlords are like the nasty ones shown on TV, where they would knock endlessly on your door until you cough up the rent money. A lot actually find this task disconcerting because it seems like an invasion of privacy. However, landlords cannot, not collect rent. Its their source of income and their livelihood. So to make this daunting task much easier for non-confrontational landlords, a form called, Notice of Overdue Rent can be used instead of actually coming up to the tenant and asking them to pay. The Notice of Overdue Rent is simply a letter reminding the tenant that the due date has passed. The format of standard Notice of Overdue Rent forms are fairly simple: It should contain the date the notice was penned, the names and addresses of both the landlord and the tenant, a short text reminding the tenant when rent (how much) was due and finally, it should also indicate how the late rent should be paid (bank transfer, deposit, by check, etc). Since the contents of Notice of Overdue Rent reminders are basic, you dont need to ask a real estate lawyer or a real estate agent to draft one for you. You have the option of either composing one yourself (just make sure that all the pertinent details are included) or just purchase and download a form from the internet and modify this to suit your needs. Through the Notice of Overdue Rent form, collecting money from delinquent tenants will definitely be easier. |
