Rent collection is one of the most important issues
for any landlord within North Somerset.
This is because failing to collect the rent can cost money
and lead to complicated and time-consuming issues such as
eviction.
However, the following simple steps can help
minimise any potential rent collecting problems:
- Screen any tenants – Ask for references, including one from a
bank, for all potential tenants
- Use Direct Debit, Standing Orders or cheques - Do not
accept cash from tenants as it can complicate solving future
disputes. Record-keeping is much easier with other kinds
of transactions
- Write a rent collection policy - This written
document should clearly state the date payment is due,
details of the accepted method of payment and cover issues such as
late fees
- Do not accept partial payment of rent – This should be carried
out as a general rule but exceptions can be made at the
landlord's discretion under certain circumstances
If a tenant pays the rent weekly landlords must provide a
rent book.
Tenants who do not pay their rent weekly have no legal
entitlement to a rent book but it is still a good idea to
provide one since it is the best method of recording rent
payments.
Rent books are available from stores such
as W H Smith and law stationers
and must contain the following:
- Landlord's and agent's name and address
- Amount of rent payable
- A statement of the tenant’s right to protection from illegal
eviction
- A statement of the tenant’s right to have the rent fixed or
determined
- A statement of the tenant’s right to claim housing
benefit
If a rent book is not provided, a landlord must provide receipts
for all of the payments received.
