How To Negotiate a Delayed Rent Payment

If you don't have the money when rent is due, you need to contact your landlord.You should try to negotiate a delayed payment.You need to make sure that you have the full amount of rent at a later date in order to be successful.Write your landlord and ask if you can delay the payment.

Step 1: You need to know when you will have the money.

When will you get the money to pay your rent?You don't want to negotiate until you know when you will have enough money to pay rent.If you start a new job and your company doesn't pay until three weeks have passed, your paycheck might be delayed.You can be certain of the date on which you will have the money.There is little point in negotiating a delayed payment if you have no money.You need to give the landlord a date for making the payment.If you don't have the money, consider other options.

Step 2: Send a letter to your landlord.

You should email or write a note to your landlord when you realize you can't make rent.Is it possible to pay at a later date?I am writing to see if I can delay my rent payment.If you can make a partial payment, you should include that information in the letter.Your good faith attempt to pay your rent is signaled by the partial payment.

Step 3: Tell me when you can pay.

When you can make a payment, give the date.Your landlord will want to know when you can pay when it's due.The earliest I can make a payment is the 15th.

Step 4: There is a reason why you need a delay.

Your landlord will want to know why you are late with the payment.You should give a reason in your email or note.You need to be careful about the reason you give.The landlord wants to know that the reason is a one-time event and not likely to happen again.If you don't have any money after starting a new job, the landlord might give you a break.If you don't have the money because you lost your job, the landlord might assume that you will not find another job and will never pay rent again.

Step 5: Don't be late again.

Your landlord wants you to believe that you won't ask for extensions on your rent payment.You should never ask for another extension.You can write, "I promise not to ask for an extension again."I will be able to pay rent on the first of the month once I get my first check.

Step 6: The landlord should contact you.

The opening move in the negotiations is your letter or email.Ask your landlord if you can delay your rent payment.You can write, "I hope you will agree to the two-week delay."Please contact me as soon as possible.We can discuss other options if you do not agree.

Step 7: Wait to hear from the landlord.

Your landlord will either allow you to delay payment or demand immediate payment.If the landlord rejects your request, you should negotiate a delay.If you have been a good tenant, who is rarely late with rent, your landlord should be willing to accept a delayed payment.It is not likely that your landlord will evict you.He can.An eviction proceeding will take too much time.The landlord will have to file a lawsuit in court in order for you to have some time to respond.You will have your rent money by that point.

Step 8: Don't be afraid.

People are scared to negotiate.This is often true of women.There are different reasons people fear negotiation.They might be afraid of being pushy.They're afraid of angering their landlord.These fears should not stop you from negotiating for a delayed rent payment.Asking for a delay might anger your landlord, but missing the payment will anger him as well.You have to explain your situation and try to get an extension.Look at the negotiation as a chance to improve your negotiating skills.Negotiating for a higher salary is one of the ways that people can benefit from.As a learning experience, consider this negotiation with your landlord.

Step 9: Make a counter-offer.

Your landlord may demand full payment on time.You should be prepared to make a counter-offer.Give the landlord a reason to accept the late payment.You could say, "I'm sorry, but like I said in my letter I don't have the money right now."I will pay an extra $50 if you allow me to pay on the fifteenth.

Step 10: You can ask for a waiver of late fees.

Your lease may allow the landlord to charge late fees or interest if the rent is late.You should try to get rid of them.You don't want to press luck.If you can't get the landlord to accept the delayed payment, you might want to keep quiet about late fees.If your landlord agrees to the delay, then gently ask if you can get the fees waived as well.

Step 11: Ask your family or friends for a loan.

If you want to get a loan from a friend or family member, don't ask for a delay.Ask for an interest-free loan.Your family and friends will be happy to help.Whatever you do, don't borrow from pay day lenders.These outfits charge high interest rates.You will fall deeper into debt if you take out one of these loans.Check with your bank or credit union if you want to go to a pay day lender.Short-term loans may be made for a reasonable interest rate.

Step 12: You can pay with a credit card.

You can pay your rent with a credit card.Many websites will send a check to your landlord.You just have to log onto the website and give your landlord the address.You use your credit card to pay.There are companies that provide this service.They take a small fee in exchange for their service.It costs 3.49% for most credit cards, but there is no fee for payment with debit cards.Unless you pay the amount off in full, you will have to pay interest on the credit card purchase.Credit card interest rates are better than pay day loans.

Step 13: Quickly raise money.

You might have to sell things to raise money.You can find objects that look valuable by going through your apartment.You can easily sell jewelry and electronic equipment.Look for a place to sell the goods.You can sell items on eBay.If you have to wait a while to get payment, this might not be the best option.If you want to find a pawnshop, look in your phone book or online.Pawnshop loans are for the value of the items you deposit.You will get a ticket back.If you have enough money to pay back the loan, you can return to the pawnshop and get your stuff back.The pawnshop keeps items if you don't return.You could also advertise on the internet.Everything is for sale and only for cash.Checks might bounce so don't accept them.

Step 14: You can pay with a money order.

If you don't have time to deposit cash into your checking account, you can get a money order at your nearest Post Office branch.You can drop off the money order at your landlord.

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