Tenant informs me he lost job two weeks ago, wants a two week extension on rent, starting new job monday. Rent is due prior to the 5th of the month. Prior history with tenant, argumentive and pays very last second. What would you do?
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Anonymous
ANSWERS: 4
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If the tenant would take more than a week to replace, if you have to ask for the rent, or if he habitually abuses the grace period, just enforce the contract because it's no great loss. If you want to keep the contract, a very fair and generous thing to do is to offer a one-time split of the rent, 50% at the start of the month, 50% two weeks later, and agree to waive the late payment penalty due to circumstance. This is more than fair and it accommodates the 2 week lapse in employment (assuming it's real: a tenant who loses his job needs to give you a heads up immediately). Many people are unable to tell the difference between the aid you offer in an emergency and the status quo to which they feel entitled. So if the problem persists a second month, get rid of the tenant. I am not a lawyer but I've been a landlord for years.
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If he takes care of the property and doesnt bother you constantly about petty problems, yes. If this is not the case, do only what the law reguires.
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I think that given the current financial climate then maybe the tennent could do with a break. Must be stessful enough losing one job and starting another without worrying about being kicked out.
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I agree with Squeaky but with this modification, I would issue the 30 day notice of termination of tenancy and covenants immediately, if his replacement job is truthful he will have money to "cure" the notice, if he is fibbing then the notice will be running and it will be that much sooner that he/she/they are gone.
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