Landlord advice please. Tenant wants to pay weekly

Svenena

How about getting them to pay it four-weekly? It would make it easier for them to budget because they could just save a set amount a week (as opposed to calendar monthly, which would mean they sometimes had 4 pay days and sometimes had 5), and would negate the need for a rent book, and also mean a longer notice period if they rolled onto a statutory periodic contract.

poppy10_2

dizziblonde wrote: »

In a way though they're trying to do the sensible thing and get the rent paid as soon as the wages have hit the bank account. There are ways they could work around it, ok... but at least they're viewing the rent as something to be paid first, rather than the afterthought at the end of the month that some do.

For most people rent isn't an 'afterthought at the end of the month', but the number one priority outgoing to be paid first each month. If they are incapable of managing their budgets to set aside enough each week to make the monthly payment, then they are going to be much more likely to fall into arrears.

dizziblonde

I had a long battle with a relative trying to get across the message you pay your rent first. She just didn't view it as such - idiot.

The point I was trying to make before you went off on your "hang them damn them hang them" tangent was - they're trying to make an arrangement where it's paid as they are, which is more than a heck of a lot of people WOULD do. Hell they've only made a request and you've branded them as financially incompetent for making the request!

Edited to add - I've got as many of my direct debits as possible arranged for around hubby's payday at the start of the pay-month (I get paid weekly and cover things like the shopping) - does that make ME incapable of budgetting too? Same kind of thing to what they seem to be wanting to set up (and I'd bet most people have that kind of arrangement with their DDs).

poppysarah

poppy10 wrote: »

For most people rent isn't an 'afterthought at the end of the month', but the number one priority outgoing to be paid first each month. If they are incapable of managing their budgets to set aside enough each week to make the monthly payment, then they are going to be much more likely to fall into arrears.

Do people still get paid cash these days?

I suspect the problem is that a months rent is due at weel A and they get their rent week a, week a+1, week a+2, etc


Encourage them to set up a bank account and put the money in each week and then get it paid to you monthly

samroo

Thanks for all the replies. I have set up the tenancy agreement for payment of rent weekly, done the rent book and everything else. The reason for wanting to pay weekly was because both tenants, in full time employment, were paid weekly. They had already paid the deposit. So now I am sitting here with my fingers crossed waiting to receive the first week's rent!