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Real Estate Leases

6. Designating Where Rent Will be Paid

As a landlord, you have the right to decide how rent is collected. You could instruct your tenants to mail a check to your home or office or set up an on-site office where tenants can deliver their rent. Another option is to personally collect the rent by going door to door or setting up a drop box. A locked drop box allows tenants to pay their rent after hours and also helps you to easily determine by the next day who has paid on time. With online banking, you may even have the option to draw rent directly from the tenant's bank account. You can check with each bank to determine if this is feasible.

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