Dealing with a non-paying tenant is frustrating. How can you ensure rent gets paid on time?
Dealing with a non-paying tenant is one of the most challenging aspects of commercial leasing. It's a situation that can cause significant financial strain and disrupt the harmony of your property management. However, there are proactive strategies you can implement to minimize the risk of rent default and ensure timely payments. By understanding the legal framework, setting clear expectations, and maintaining open communication, you can foster a reliable payment culture among your tenants. In the following sections, you'll discover actionable tips to help secure your rental income and manage tenancies more effectively.