Control Text Lease For Free

Another way to encourage your tenants to pay rent on time and avoid late fees is to offer incentives for timely payments. For example, you can offer a small discount for paying before the due date, a reward for paying several months in advance, or a bonus for renewing the lease.

Any lease requires two key players. One is the lessor, the party that has an asset available for leasing, and the other is the lessee, the party that pays to use the asset. This lessee vs. lessor dynamic is at the core of lease accounting.

If you would like to accept legally binding texting between landlord and tenant, it is best to establish the protocol upfront, and in writing. At the very least, confirm that both landlord and tenant are interested in using texts to communicate, and be consistent about using texts for the agreed upon uses.

Send a Written Reminder Keep it brief, friendly and objective. As an example, include a warm greeting, remind the tenant about when rent was due and ask them to pay at their earliest convenience. If you like, you can also mention that they can give you a call to discuss if they have a problem paying.

Rent collection letters should include the description/details of the missed payment, when it was due, the owed amount, and any other important information. A tenant's rental agreement is the first place to look if you think they are late on their payment.

Here are 6 tips to keep in mind when writing a rent reminder: Be clear and concise: State the amount of rent due and the date it is due, without any extraneous details. Be polite: Remember that you are reminding the tenant of an obligation they have already agreed to. There is no need to be overly stern or threatening.

Dear [Renter], I hope this letter finds you in the best of health. I am writing to you today with a gentle reminder that your rent payment is due in two weeks. I'm sure you understand how important it is to stay on top of payments and avoid late fees or other related issues.