Modes of Payment

By Tenant

There are a lot of ways to pay your rent. Depending on the mode of payment stated in the lease agreement you signed, you and your landlord can agree on the payment method that you are most comfortable with.


Here are some other ways you can use to pay your monthly rent:

  • Manager’s check. MC’s are as good as cash. For a certain fee, you can buy them from your bank for a certain amount. They clear faster than ordinary checks.
  • Cash. If your landlord decides not to accept any checks for payment for rent then you can always pay in cash, right?
  • Post Dated Check. Some real estate property managers allow you to pay several months of post-dated checks that can be deposited on the day you pay your rent per month. This is a good way to go for you since you don’t have to remember paying the rent. Just keep your bank account loaded.
  • Bank’s bill pay. If your landlord agrees, you can add him to your monthly bills payment that your bank does for you as a service. This way, your landlord gets payments every month deposited directly into his account.
  • Credit Card. Some property management companies accept payment through your credit card.

But what if your landlord suddenly decided that he no longer wants to accept checks made from a certain bank like Wells Fargo, what can a tenant do? Most probably, if your landlord decides to stop accepting checks from a specific bank; it maybe because he had a minor dispute with this bank that made him an unsatisfied customer. Still that doesn’t mean that you have to do a drastic move like move out and change apartments, they are still so many ways for you to pay your rent without having to change apartments and landlords as mentioned above.

Edited on: Saturday, March 9th, 2013 12:16 am

15 Responses to “Modes of Payment”

My response: (We welcome stories, examples, explanations, answers and a touch of your personality)
 

Omar

March 9th, 2013 12:20 am

Is it legal for my landlord to refuse accepting checks as a mode of paying rent?


Blaine

March 9th, 2013 11:00 am

Are these modes safe?


Curt

March 9th, 2013 10:20 pm

Can I track my payments using MC?


Leticia

March 10th, 2013 9:20 am

How does money order work?


Dustin

March 10th, 2013 8:20 pm

Can my landlord sue me if my check bounces?


Julius

March 11th, 2013 7:20 am

A landlord who changes mode of payment whenever he likes is a tool.


Romeo

March 11th, 2013 6:40 pm

It is such a hassle on the part of the tenant to change the mode of payment for no apparent reason at all.


Christene

March 12th, 2013 5:20 am

It is really better to pay in cash.


Sharie

March 12th, 2013 4:20 pm

As a tenant


Freeman

March 13th, 2013 3:00 am

Why is it so easy for a landlord to change the modes of paying the rent? Doesn’t he know how hard it is to change something that you are used to?


Shawanna

March 13th, 2013 2:20 pm

Wow! I did not know you can use credit card and MC to pay rent.


Herbert

March 14th, 2013 1:20 am

Thanks! This is much appreciated.


Rene

March 14th, 2013 12:00 pm

Are there any more modes besides those?


Seymour

March 14th, 2013 11:00 pm

This is very interesting.


Dave

March 15th, 2013 10:20 am

Why won’t he accept check from Wells Fargo? It is a very good bank.


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