Question 1

How will I know if my tenant will pay rent on time?

Accepted Answer

Unfortunately, you can never be completely 100% sure that your tenant will pay rent on time however there are precautions you can and should take to ensure you are less likely to encounter this as an issue.rnrnSome things that are important to do include: rn- conducting background and credit checks on your tenant before signing a leasern- choosing a rent collection method that your tenant is familiar with and agrees to usern- stating this rent collection method, the rent amount, and when rent is due in the lease

Question 2

What is an automated rent collection app?

Accepted Answer

An automated rent collection app is designed for the purpose of collecting rent and therefore is a great way for landlords to collect rent while remaining compliant with the law and their insurance obligations.rnrnFor example, most automated rent collection apps keep an itemised rent book for landlords which shows all of the details and dates of every rent payment. This is something many insurance policies require landlords to keep and to present when they are making claims.rnrnAnother feature that many of these automated rent collection apps offer is direct notifications reminding tenants that either: rent is due, rent has been paid, or rent needs to be paid. This is great for landlords as they can rely on the technology to pick up unpaid rent and to notify tenants immediately.rnrnMost automated rent collection apps also send tenants a digital receipt for every rent payment which is a legal requirement.

Question 3

What happens if I don't pay my rent in NZ?

Accepted Answer

If you don't pay your rent, you are breaking your tenancy agreement. Your landlord can serve you a 14 day notice to remedy, and your case may go to the Tenancy Tribunal. Once this happens, your name will be recorded on the Tenancy Tribunal database, and it can have a negative impact on your future ability to rent a house.

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Categories

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