What happens if the tenant does not pay their rent on time?
Check with your local laws. Usually, the property manager cannot take steps to evict the tenant for non-payment of rent until the tenant is 14 days late. The means that on the 15th day, the property manager may issue the tenant with a Termination Notice for the tenant to vacate the property in 14 days time. If the Notice is to be posted, four working days are allowed for postage. Prior to this time, the property managers hould have been speaking to the tenant by phone, sending them letters or visiting the tenant at the property to try and ascertain why they have not paid the rent. If you feel that the tenant’s reason is genuine, ask the property manager to work out a payment plan that is suitable to you and the tenant. If the tenant does not comply within the specified time on the Notice to Vacate, the property manager will apply to the Consumer, Trader and Tenancies Tribunal to have the tenants evicted.
