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What a landlord can do when a tenant stops paying rent
This column was formulated after I met my client, who I have been doing business with for 14 plus years, at an evening event. He and his wife will remain nameless due to the fact they had to go to court to have his tenant evicted due to nonpayment.
This tenant had been living in my client’s other space on his property for many years. Rental payments had been timely in the past, but then a few years ago she began to become tardy in her remuneration to my client.
It became a real issue when his tenant just stopped paying, even though her salary was over $100,000. I asked, “What was the reason for not paying?” My client didn’t know and wasn’t given any explanation.
From years of experience with tenants, there is an important factor called communication and everyone being on the same page when it comes to having rapport and long-term business relationships as a landlord. Of course, from the beginning, you have to lay down the ground rules in your lease and explain to your tenant how things will work. The most important item is paying the rent on time.
I have always said that if your tenant(s) has any issues, loss ... more

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