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There are several different ways to pay your rent. Whether you choose to pay by personal check, cashier’s check, or money order, the most important thing is that you pay on time. You don’t have to stick to just one, either — it’s also possible to use a combination of these methods to fulfill your rent obligations. If you’re unsure which payment method will work best for you, check out the pros and cons of each below:
Paying by personal check may be the easiest and fastest way to pay rent. Not sure if you should pay by personal check? Here are the pros and cons:
A cashier’s check is a check drawn by a bank on the bank’s account. To obtain such a check, the customer must have either cash or make a check payable to the bank have them draw one up in their name. This means it will be the banks’ name instead of your own appearing on the bottom of the check.
A money order is an order for the amount the purchaser wishes, payable to the recipient at any time. Money orders aren’t as common as the other two options, but they’re still a valid form of payment when it comes to rent.
Prior to signing a lease agreement, ask the landlord about their preferred method of rent payment. It may be possible that they don’t accept one of these forms of payment, or they may offer a unique payment method. Some landlords offer automatic payments via check. You simply stop into the office, provide one check, and they hold the bank information on file for automatic payments.
No matter which option you choose, just make sure you’re comfortable with it and have a schedule set aside to make payments. Sending checks of any kind by mail takes time. Plan ahead and keep track of when your checks are cashed.
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