Location of Rental Home: Binghamton, New York
Tenant's Guarantor's Location: Spring Valley, New York (Approx 180 miles south of Binghamton)
Rental Term: August 16th, 2009 to August 15th, 2010
Our tenant is a full-time student who has provided us with a Guarantor, his mother, who lives 180 miles south.
He has paid rent late multiple times and he has given me his father's number directly to collect rent from them. They have paid rent + late fees in the past.
Now, we are 3 months without any rent payment nor any response from the father nor mother for 2 months. The son has periodically called us and told us his parents will pay. They even made an arrangement to pay 2 months ago and never followed through. I have sent collections letters and called over 20-30 times and they are not taking it seriously.
The one issue we have with an eviction is that rental demand in our area is VERY cyclical and renting out in the middle of a University semester for immediate-2 months occupancy is next to impossible.
What are my options to recoup the 3 month's rent, late fees, and ensure that money is paid to the end of the legal term of the original lease?
What is the maximum we are allowed to collect for late fee/finance fee for 3 month's rent? He was once 2 months late and we only levied $50 for late fees but I am looking to collect on as much as possible now because we have dealt with a lot of hassle.
Any responses would be more than helpful!
Tenant's Guarantor's Location: Spring Valley, New York (Approx 180 miles south of Binghamton)
Rental Term: August 16th, 2009 to August 15th, 2010
Our tenant is a full-time student who has provided us with a Guarantor, his mother, who lives 180 miles south.
He has paid rent late multiple times and he has given me his father's number directly to collect rent from them. They have paid rent + late fees in the past.
Now, we are 3 months without any rent payment nor any response from the father nor mother for 2 months. The son has periodically called us and told us his parents will pay. They even made an arrangement to pay 2 months ago and never followed through. I have sent collections letters and called over 20-30 times and they are not taking it seriously.
The one issue we have with an eviction is that rental demand in our area is VERY cyclical and renting out in the middle of a University semester for immediate-2 months occupancy is next to impossible.
What are my options to recoup the 3 month's rent, late fees, and ensure that money is paid to the end of the legal term of the original lease?
What is the maximum we are allowed to collect for late fee/finance fee for 3 month's rent? He was once 2 months late and we only levied $50 for late fees but I am looking to collect on as much as possible now because we have dealt with a lot of hassle.
Any responses would be more than helpful!