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Re: Tenant wants to pay rent with money order
by NY-LL
on May 14, 2012 @18:52
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The payment of monthly rent by money order is more secure than a personal check payment. As others have already stated, the money order is a secured form of payment which rarely, if ever, bounces unless the check is reported to the bank as lost or stolen.
The only tenant of ours that has requested to make monthly rental payments exclusively by money order had financial issues related to a pending divorce and associated legal judgments. In order to separate the new residential lease payments from the pending divorce and associated legal judgments, the rent payment by money order ensured that rent payment were always secured and not subject to (pre-divorce) joint bank liens and wage garnishments.
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