In the business of landlords and tenants, one of the most active debates today is rent timing. Is rent considered received and on-time the day it's in the mail or the day it is received by the landlord? What about the processing delay for online payments? There is an important question of how responsible renters can be held for late rent when processing or delivery is delayed, and how much planning ahead is necessary to make rent on time.
It happens to the best of us. Maybe your car broke down on the way to work; perhaps your little one wound up in the ER unexpectedly a few nights ago; or maybe your dog decided to swallow your entire fitted sheet. Accidents and unexpected events happen-- and they're often costly. Sometimes, factors out of your control put you in a position where you're unable to make your rent. It can be difficult to know how to approach your landlord and ask for permission to make that payment late.
If you own rental property in California, you were likely feeling a little nervous when Proposition 10 hit the ballot last November. The ballot initiative would have repealed the Costa Hawkins Rental Housing Act. Once that act was off the books, California cities would have much more freedom to impose rent control options.
One of the most prominent issues that landlords come in contact with when having rental property is having tenants that don’t pay their rent on time. Although one late payment may not actually put you over the edge, the pattern could eventually hurt your wallet.