Cash rent payments

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    Cash rent payments

    One tenant has been turned away from one of my bank group when trying to pay the rent in cash. They had my pay in slip.
    Can they do this?

    #2
    More information needed. Are you saying that they bank refused to allow the tenant to deposit cash into your account? The tenant can do this using the paying=in machine and ask it to email you the receipt.

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      #3
      Yes.Banks can refuse point blank. I've had this problem when trying to put cash into another person's account.. Banks don't allow this any more. Your tenant will have to either give you the cash personally, make a new payee on their bank account (I have to pop into my bank to do this, but then, I'm an old person ie over 45 years old, even though my face and body describe me as under 25 years old), make a standing order, or you can go and collect the cash. I declare all my cash payments from tenants, but Big Brother and HMRC are watching.

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        #4
        How much were they trying to pay in?, why don't they pay it into their own account and then online make a transfer to the LL?

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          #5
          I do not want rent in cash as it suggests I will visit to collect every month. One tenant did pay cash in the bank but another was turned away. They can pay for gas at post office in cash but I do not know the rules for banks. He now has paid via his bank. Maybe he was dodging tax?

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            #6
            HOW does the tenancy state rent is paid? (Cash with bank paying in slip, says nothing, bank transfer??)

            Call me cynical, and acknowledging cash is entirely legal, yup, probably on the fiddle
            I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

            Comment


              #7
              Originally posted by theartfullodger View Post
              HOW does the tenancy state rent is paid? (Cash with bank paying in slip, says nothing, bank transfer??)

              Call me cynical, and acknowledging cash is entirely legal, yup, probably on the fiddle
              I accept cash only for my HMOs, but I'm not on the fiddle.

              Comment


                #8
                Originally posted by Berlingogirl View Post

                I accept cash only for my HMOs, but I'm not on the fiddle.
                I was unclear, apologies, meant tenant being on fiddle. Hiding undeclared income.

                Apologies for any offence.
                I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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