I just got this email a few moments ago…
I have a tenant who gave me a cheque for the first month that bounced and then I talked to her and she said she didn’t know what happened and would send me another one. She mailed another one and that bounced too.
What can I do?
First of all, why are you accepting a check for first month’s rent? In the future, insist on certified check, money order or even cash before you hand over keys. The first and last month’s rent are the only two months you are guaranteed to get as a landlord. You may as well take advantage of that.
I’m afraid you have caught a rotten fish with this tenant and your next step is to begin the eviction process. If you are in Ontario, you may find the first form called the N-4 at the Landlord & Tenant Board website My pointer for this form is to remember that the day you deliver it doesn’t count so I always count up 15 days from the day I’m going to deliver it.
If you are not from Ontario… then here’s the list of “Landlord & Tenant Boards from other provinces”
DO NOT TAKE ANYMORE CHECKS FROM HER!!!
Introduction to Interac e-transfer
Interac E-tranfer has been a wonderful new tool for my business. Many years ago when it first came out I was introduced to it by a tenant who wanted to apply for a condo. I do not process applications without a deposit so he offered to send the deposit by Interac rather than meeting me to give me cash or a certified check. If she’s mailing you checks then I’m assuming that you’re not close by and so then this is the next best way to get tenants to pay your rent. Most of my tenant pay by post-dated checks, the rest pay this way.
You don’t have to give out your bank account number, just your email and a password. The tenant gets a receipt and so do you. The money goes directly into your bank account.
1- Begin legal process, in Ontario fill out N-4.
2 – Don’t accept anymore rubber checks
3 – Try to set up payments through Interac which is immediate, secure and doesn’t require you to chase the tenant.
4 – Drink a beer and try and chill out for the next 15 days.
5 – Email Jeff Shabes – Paralegal Extraordinaire after day 15 if… she hasn’t paid.
Try not to worry this too shall pass. (Like a kidney stone) Happy Wednesday!!!