Hi all,
Ive currently got an IP which the tenants are constantly paying the rent late from the time they have moved 5 months ago. They seem to be paying in dribs and drabs and are constantly short but not short enough of the 14 days for a letter to vacate to be issued. Reminder letters have been sent on numerous occasions without much luck. Finally last week they were more then 14 days behind and a letter to vacate was issued. I was just wondering what happens now if they dont decide to leave and it goes to the tribunal?
The tenants have advised that they cannot afford to pay up the arrears in full and can only afford $50 extra per week to make up for it. I would prefer not to accept that as its going to take well over 6 months for me to make up for the arrears if that happens and thats assuming they keep up to their promise. Just after advise on what else I can do here? Will the tribunal accept their $50 a week extra and allow them to stay? Will they push for more? What grounds do I have to not accept that? Personally I would prefer that they pay at least an extra $200 a week to make up for the arrears or they just leave and I keep the bond claim the arrears and other costs on the landlord insurance?
All input appreciated.
Thanks in advance.
Ive currently got an IP which the tenants are constantly paying the rent late from the time they have moved 5 months ago. They seem to be paying in dribs and drabs and are constantly short but not short enough of the 14 days for a letter to vacate to be issued. Reminder letters have been sent on numerous occasions without much luck. Finally last week they were more then 14 days behind and a letter to vacate was issued. I was just wondering what happens now if they dont decide to leave and it goes to the tribunal?
The tenants have advised that they cannot afford to pay up the arrears in full and can only afford $50 extra per week to make up for it. I would prefer not to accept that as its going to take well over 6 months for me to make up for the arrears if that happens and thats assuming they keep up to their promise. Just after advise on what else I can do here? Will the tribunal accept their $50 a week extra and allow them to stay? Will they push for more? What grounds do I have to not accept that? Personally I would prefer that they pay at least an extra $200 a week to make up for the arrears or they just leave and I keep the bond claim the arrears and other costs on the landlord insurance?
All input appreciated.
Thanks in advance.