The tenant didn't pay me on time. What should I do?

The article was updated on 1. 8. 2024.

Even though these situations are very rare, this article will explain the basics of our precautions for when a tenant is late with paying the rent.

Tenants are contractually obligated to make each rental payment in full and on time.

There can be several reasons why a payment gets delayed. If your tenant doesn't pay the rent by the due date stated on the lease agreement, we recommend you to:

Contact the tenant and ask about the situation. In these cases, we also urge the tenant from our side, but it's highly recommended that you also reach out to them for a faster resolution.
Terminate the lease agreement for a gross violation if the rent isn't paid within 7 days of its due date. This termination type has a three-day notice period and if this procedure is followed, the tenant will continue to stay at the property during the time they have already pre-paid by the previous rent, but they won't stay in the property for free.

IMPORTANT NOTE: This information applies only to second and subsequent rents. If you'd like to learn what to do when the first rent (which is a part of the lease signing process) isn't paid on time, please visit this article.