Notice Of Late Payment Letter
A downloadable Notice of Late Payment letter ready to be issued to your Tenant who has missed the payment date for their rent. Fully customisable to suit your requirements, can be issued to Tenants who pay directly into your account or in person.
| £2.99 |
Late or missed payments are something that every Landlord dreads. Not only is it inconvenient to not receive payments when you are expecting them, it can also cause a great deal of hassle by having to chase Tenants to pay their outstanding rental balance.
What to do if your Tenant has not paid their rent?
Firstly, do not assume that your Tenant(s) are not intending to pay their rent. If you have chosen your Tenant(s) wisely by using a Tenant Application Form and obtaining Employment References and Landlord References then there is no reason to believe that your Tenant(s) will not pay you.Often late or missed payments are a genuine oversight and if prompted to pay the Tenant(s) will do so immediately. If you choose to believe your Tenant(s) have purposefully not paid their rent and approach them in this manner you risk upsetting them and any positive relationship you had built up will be affected.
Why issue a Notice of Late Payment
Whilst it is advisable to give your Tenant(s) the benefit of the doubt and assume that their lack of payment was an oversight you should still firmly request payment and state when you expect the payment to be received.A Notice of Late Payment allows you to inform the Tenant(s) that no rental payment was received on the date that is was expected and also to detail how the Tenant needs to rectify this situation.
If your Tenant(s) continue to not pay their rent there are options for you to take to regain possession of your property and obtain the missed payments. If you have issued a Notice of Late Payment for every payment that has been missed this will assist you should you have to attend court. It is therefore vitally important to keep these records.
The template available for download is fully customisable so you can change the details to suit your situation, whilst ensuring that your paperwork is consistent and professional. The template has been drafted by experts and so balances the need to not accuse your Tenant(s) of purposefully withholding payment with a firm demand that payment be made by a specified date.
| £2.99 |
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