If you don`t care, I suggest you rewrite the lease as an M2M, so they can pay monthly. They don`t want these people to have a futures contract, as it seems to have money problems, that`s a high risk for you. Looks like you misunderstood the lease. Your rental agreement stipulates that your rent is $542 per month, including $490 for rent and about $52 for wastewater and waste (which is about the minimum and assumes you don`t have big water bills, etc.). If you stay for a year, 542 x 12 months – 6504. The annual amount divided by your 26 salary periods is $125 per week or $250 every 2 weeks. Just let them know your concerns if you justify the M2M and look at what they say. If they accept that it is a profit/benefit, if they decide to keep the lease as it is to pay the full amount on the first, you know that they have simply tried to use a soft lessor. If they agree, you must always keep a late fee, but I`ll charge them on the 2nd and 16th, no deadlines. A weekly rental agreement is a contract between you and your guests. It covers your duties and duties as well as the duties and responsibilities of your guests. Everything will be detailed, from the cost of rent to the number of guests who can spend the night.
“A two-week rate of $XXX paid every 14 days from (Friday) until the end of the lease. 26 payments per calendar year. Everyone had experience in this area and/or did they have any suggestions, as they say in the lease? I used it in my rental contract (it seems crystal clear). Do I need to change the lease to allow for bi-monthly payments? Should I keep the lease and allow them to make the bi-monthly payments for a few months? Should I respect the original lease and charge a late fee if they don`t pay until the 4th day after the 1st of the month? We intend to authorize fortnightly payments, amend the lease and slightly adjust the rent to the additional risk and administrative work. You could change the tenancy agreement for the two-week payment and add $10 or $15 as a fee for the two-week payment and receive 26 payments per year instead of 24 more money in the pocket Do I have a tenant mid-month. They also started paying in advance, so it works. I have it in my rental contract that there are two late payments instead of one (5th and 20th). If it is easier for the tenant to manage their money, I am more likely to get paid. Also, it lets me know, maybe 15 days earlier, if there is a problem, and I can get the notification 3 days faster if necessary. If you decide to authorize payers, you should remember the change in a leasing addendum, so the conditions are very clear. My lease is clear: it shows `$XXX every Friday x 26` No need to rewrite leasing, just tell him that your accountant won`t let you do it any other way.
As has been done, I know that the tenants sign a two-week payment supplement, which is broken down throughout the first year of the tenancy agreement with dates, the period covering each tranche and the amount. Never agree to give something to a tenant without getting anything. M2M is much more advantageous for a leaseholder for the duration of the lease. But if you rent your property one or two weeks at a time, you`ll want a weekly lease. This allows you to extend the booking from one week to a time, but it also allows you to terminate a reservation at any time if your tenants decide to break the terms of the agreement. Weekly rentals should also be used when using a third-party website such as Airbnb or HomeAway to help you find reservations. Most of these pages encourage you to have your own weekly rental agreement and allow you to encourage customers to sign your contract as part of the booking process.