Rent overdue

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J
Joint Deposits/Witheld Rent
7 Posts
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Hi
My query relates to overdue rent, not paid by student tenants and explained by the lag between 1st of month payment date and arrival of student loan cheques. Without wishing to appear unreasonable it is impossible for me to plan my finances on this basis, and seek your advice as to whether I might impose penalty fines. I have used RLA tenancy agreements all round and clause 3.2 refers to interest payable when rent is 7+ days overdue 'payable at Law Society rate' but I do not understand how this might work in practice
Thanks in advance
Steve
09/01/2007 00:00

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