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Posts: 6
Reply with quote  #1 
I have a new tenant who has been here since Nov.. He is in his early 20's and is really starting to piss me off with his little dirty looks etc.
 He demanded to pay via paypal or bank transfer which I don't usually accept. 
I went out of my way to make that a option for him.

Now it is Friday the 2nd and no money went into the account.
The lease states as follows
The amount of rent is 600.00 to be paid monthly.
The rent is due in advance on or before the 1st day of the month. The rent due date is the date the landlord must receive the tenants payment.

7. Late Fee
If the rent or any other charges are not received by the Landlord on or before 5 days after the rent due date, Tenant must pay a late fee of $30.00 in addition to the rent.

So my question is since payment has not shown up in my account and the weekend is now here and Monday is the 5th did he just earn himself a late fee?
How should I proceed?
He is on a month to month lease the state is NC if that makes a difference.

Posts: 6
Reply with quote  #2 
Also we setup a account at the bank to accept these funds. I refuse to use paypal as a way to pay.

Posts: 68
Reply with quote  #3 
The late fee isn't due till the 6th day per your lease.  However that doesn't prevent you from giving a pay or quit notice. 

Definitely don't use paypal as that means either you or he pays a fee and tenants tend to assume the landlord should pay.  Also, if payment is made through paypal, he can dispute the charge and get a refund and you are not only stuck trying to evict, but stuck fighting with paypal over the rent.

Since most states give the tenants a certain number of days by virtue of the legal requirement on how many days a pay or quit must allow, we have shortened our grace periods in our leases to late fee being due if paid on or after the 3rd.  Most tenants assume that the actual due date is the last date of the grace period and will tend to get later and later as their tenancy goes on if you don't remind them that you do enforce the terms of the lease.
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