At Condo Alexandria, we take very seriously our duties at property managers. One thing we do NOT play around with is rent checks. When a rent check bounces, we go into action taking the following actions as our discretion dictates:
We hand deliver a letter and notice stating the check has bounced which includes a photocopy of the bounced check front and back. That notice includes a 3 day "pay or quit" notice.
We give the tenant 72 hours to cover the check. The tenant must also pay all bank fee's which we have been charged. Our notice makes clear that if the bad check is not covered within the time allotted, we will turn it over to the commonwealth attorney for prosecution.
Payment must be make with either a money order or a cashier's check. Cash or checks are not accepted.
Condo Alexandria demand the payment be made personally. We will accept shipment only where a tracking number can verify where and when the check was sent and where it will arrive.
If the funds are not delivered in time, we take action immediately. We've been doing this too long and heard too many stories to let the matter linger. We can always call off an eviction, but we can never recoup lost days. We also inform the tenant that once the attorney is involved, the tenant will be responsible for those fees as well.
Will NesbittWill Nesbitt is the Principal Broker of Condo Alexandria
