Make sure the police station you go to is within the emirate where the bounced cheque was issued. Wait for the police to contact you as they will have to talk to the bank first and verify the information with the case filed, such as the holder of the bank account, account number, as well as the money that is in the account.
As soon as the police has all the information that they need, you will be contacted as well as the person that issued the bounced rental cheque. The person who issued the bounced check will be summoned to appear in the station. This will greatly depend on the amount in question. The police will be selling the file onto a public prosecutor who will investigate the matter.
The prosecutor may agree to the release of the issuer of the cheque on bail as the investigation is carried out. Collecting and Returning Security Deposits. Landlord Liability Issues. Evicting a Tenant or Ending a Lease. Renting a House or Apartment. Repairs and Maintenance. Tenant Rights to Privacy and Safety. Security Deposits. Evictions and Terminations. See All Renters' Rights Articles. There's a way to make that happen and minimize some of your risks with tenants.
Choose an online payment system. More landlords are now choosing online payments instead of checks for all tenants. When tenants have a way to pay rent online, there's no delay in receiving funds. They can pay with a bank account or credit card. Tenants can also schedule online payments to avoid late rent. There's no more running to the mailbox to drop off a check. And your job as a landlord becomes easier.
You no longer have to log checks and cash them at the bank. Your online payment system does the accounting for you. If the idea of setting up online payments seems daunting, your property management company can do it for you.
When choosing the best property management company, make sure they offer online payments. When you also trust a property management company to screen tenants for your properties, you reduce the risk of having tenants who don't pay rent on time--or at all.
Your Michigan property management company finds tenants who can afford the monthly rent and who have a good track record of paying on time. If a tenant does miss a payment, your property management company works with the tenant to make sure you get paid.
You don't have to deal with the headaches of payments or delinquent tenants. Don't deal with checks or bad tenants. Measure content performance. Develop and improve products. List of Partners vendors. Banking Checking Accounts. Table of Contents Expand. Table of Contents. Why Do Checks Bounce? Still Time? Reach Out. Expect Fees. Your Credit Report. Legal Trouble.
Prevent Bounced Checks. By Justin Pritchard. Justin Pritchard, CFP, is a fee-only advisor and an expert on personal finance. He covers banking, loans, investing, mortgages, and more for The Balance. He has an MBA from the University of Colorado, and has worked for credit unions and large financial firms, in addition to writing about personal finance for more than two decades. Learn about our editorial policies. Reviewed by Eric Estevez. Article Reviewed May 26, Learn about our Financial Review Board.
No matter who you wrote the check to, it's important to make good on the payment. Monitor your checking account closely, especially if you start using a debit card. Article Sources. Your Privacy Rights. To change or withdraw your consent choices for TheBalance. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data.
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