Residential Letting
Why paying my rent on the 1st is important
by Debbie Vergottini
Maintaining a good relationship with your landlord: Timely payments show reliability, and this leads to a positive and cooperative relationship with your managing agent and landlord
Avoid late fees and Penalties
Our lease agreements include late fees for overdue rent, by paying consistently and timeously you avoid extra costs.
Protect your credit score
We report payment behaviour monthly to the Tenant Profile Network. Late or missed payments can negatively impact your credit score, making it harder to secure another rental agreement in the future.
Ensuring Housing Stability
Regular payments help ensure that you have a stable place to stay. Failing regular payments will result in eviction which is disruptive.
These are the steps to follow if you are unable to pay your rent timeously
Communicate with your managing agent
Reach out to your managing agent as soon as possible to explain the situation. Being upfront can help with negotiations for a payment plan or a temporary delay.
Review your lease agreement
Read through your lease agreement and familiarise yourself with the clauses about late payments, grace periods and penalties. This will help you understand the consequences and you can make an informed decision.
Seek Financial Assistance
Seek financial assistance from a bank or consider a personal loan. Be sure to check repayment terms and interest rates