How to deal with Auckland tenants not paying rent on time?
by Auckland Property Management
Managing Director Howard Morley discusses what happens if a tenant does not pay their rent and how ‘self-managing’ owners should handle late rent payments.
Howard covers topics which included the contract between a tenant and the property owner, issuing a 14 day breach letter and checking rental payments regularly.
- Regularly (daily/weekly) check your bank statements the day the rent is due
- If rent is unpaid immediately contact the tenant and ask why and allow the tenant the time to pay.
- If the rent remains unpaid, issue a 14 day breach notice (in New Zealand) on day one or two, don’t wait until day 14. This allows you to act quickly if the rent remains unpaid.
A 14 breach letter simply states that the tenant has 14 days to pay or the matter will be referred to the Tenancy Tribunal.
To minimise risk and avoiding down time chasing tenants for unpaid rent be diligent and regimented in checking rent payments.
For any related questions that you might have, feel free to contact Auckland Property Management Ltd in Auckland who has over 30 years’ experience managing properties all the way from Bombay to Orewa. Call us at 09 638 2500 or visit our page at https://www.aucklandproperty.net
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