Hello,
I own small office property. I have a new tenant who for accounting purposes ask if it is ok for him to provide me 2 checks per month – he will still pay on the 25th every month – but 2 checks instead of one. Me being a skeptic – it immediately raisied flags. But – in speaking to his old landlord they vouched that the payments have never been late.
Is this common? Thoughts?
Are the checks written from the same account or company?
Yes – they are. thanks for responding
If they clear I would think it’s fine…odd but fine…
Is it a business of a person renting the unit? If it’s a person maybe him and his girlfriend/wife have seperate accounts and they each pay a portion.
jneiko,
If you find out why they prefer the two check method share it with us, I’m curious. Maybe they are writing the checks out of a money market account or similar with a limit on the amount that can be drawn per check…just a thought.