We have this tenant that just doesn`t have his finances under control. Rent is always late, sometimes by more than 2 weeks. This month, he has paid only 25% of the rent. We have issued his 3rd, 10 day notice to pay up or move. Story this time is that it`s slower than usual at work (commission sales), and he is waiting for his tax return and then all will be caught up and then for next month he will pay some of the rent early (a first). So he is asking for a delay on the deadline while he awaits his tax return. A consideration for us is that there are only 2 more months until his lease ends. After that, we go to weekly summer rentals. If we boot this guy, we may not get a renter soon enough for April 1 - June 1 and will lose rental income anyway. If we keep the current guy, then he may come through in time. The decision then is to hold on and hope the current guy gets the tax return and makes good on his promise to pay or to get him out and take our chances with finding a new, short term tenant until June.
My gut tells me that `waiting for the tax return` is just another stall even though he has contacted us and asked for our patience and it will be settled up very soon. The deadline for him to pay is tomorrow and then he has to be gone by Monday, unless we give him a reprieve.
Also, if we boot him early and don`t find a new tenant, can we sue him for the loss of income or do we forgo that when we kick him out early?
Comments anyone? (greatly appreciated).
My gut tells me that `waiting for the tax return` is just another stall even though he has contacted us and asked for our patience and it will be settled up very soon. The deadline for him to pay is tomorrow and then he has to be gone by Monday, unless we give him a reprieve.
Also, if we boot him early and don`t find a new tenant, can we sue him for the loss of income or do we forgo that when we kick him out early?
Comments anyone? (greatly appreciated).