Do I have to submit post-date cheques?
You do not HAVE to submit post-dated cheques. However, we recommend (and prefer) that you do. This helps avoid late rent payments on the tenant’s behalf, and allows our accountant to process all outstanding rents in much more efficient manner. If you do not submit a series of post-dated cheques, you will still be responsible for making sure that your rent is paid by the first of every month, without exception.
Related Questions
- When a cheque is honoured, who does it belong to? does the paying bank keep it or is the issuer entitled to it and the bank obliged to return it to the issuer if the issuer requests its return?
- Who should my sponsors make cheques out to and where do they submit them?
- What are default cheques and why do I have to submit them?
