What can I do if I fall into rent arrears and I’m not able to pay the arrears in one payment?” Tenant, NSW

We asked Belle Property – Charleston Head of Property Management, Larissa Bridge for her advice:

“If you’re experiencing financial hardship which creates an issue with arrears, it’s always best to keep your property manager informed,” Larissa said.

“By communicating any late payments, your property manager is able to advise the landlord, as it could affect the landlord’s mortgage payments.”

Larissa also encouraged tenants to continue to make their weekly rent payments as normal, and make a payment plan for their arrears.

“A payment plan as simple as the weekly rent divided by 7,” she said. “This will give you a daily rent figure.”

“A payment plan like this over a 7 week period allows the addition of 1 weeks rent that has been paid with the payment plan.”

You might also like:
– How much do you know about your tenancy history?
Can I improve my credit rating by paying on time? 
What happens if I fall behind in rent?
Rent in advance: How much should I be paying? 

Larissa Bridge
Larissa Bridge
Head of Property Management at | 02 4944 5600 | | + posts

A sought-after Property Management expert, Larissa manages a strong rent roll and a growing team of property managers whilst continuously striving to deliver exceptional service across the board. Larissa’s warm and engaging approach, combined with her innate ability to lead a dynamic team of professionals ensures that Belle Property remains at the forefront of property management in the Lake Macquarie and Hunter Valley regions.

NO COMMENTS

LEAVE A REPLY