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Why have you created two threads on exactly the same subject in two different forums? And why don't you just ask your landlord? Or read your lease as you may be subject to late fees ... Doh.
Give them the rent check on the 5th, it won't hit the bank before the 7th.
In most cases, this is bad advice. If the LL deposits rents every day, it could easily hit on the 6th or even on the 5th. Gone are the days where you could "float" a check, as this is called.
However, this month, the 5th is a Saturday, and the 7th, Monday, is a public holiday, for which the banks will be closed. If you give them a check on the 5th, the soonest it would hit would be Tuesday the 8th. But you also cannot deposit your check on Monday, as again, the banks will be closed.
The possible exception would be if you bank at the same bank as the LL, in which case, if they took it over on Saturday, it could hit the same day.
If your landlord uses the same bank that you do, the check will go through immediately. If it's a different bank, it normally takes a day. My landlord waits two weeks before cashing rent checks, but I don't take any chances, I pay on the 5th with everyone else. Plus I'm on unemployment, and it's hard, but I do it. If I pay after the 5th, I have to pay a $50 late fee. So because my unemployment checks don't always arrive before the 5th of the month, so sometimes I have to borrow the balance of my rent money from a friend so I don't have to pay the late fee, and as soon as the check arrives, I pay her back.
How would you like it if your employer paid you seven days late?
Your landlord has financial responsibilities that have due dates. The LL needs $$ to pay those, just like you do. The LL isn't the big vending machine in the sky.
Pay on the first and be at peace with yourself and your landlord.
Where I live the fee is $35 per day, starting with the first late day, no excuses, period.
You signed a lease, a contract. Be true to your word. It'll get you far in life.
Because I never had the opportunity to have two paychecks in a row without paying rent
So, how 'bout opening a savings account and start building some wealth? Then, maybe some day you can buy investment property and deal with tenants like yourself.
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