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What is a Notice to Pay Rent in Cash, Money Order or Cashier's Check ?
A notice to pay rent in cash, money order, or cashier's check is delivered to a tenant usually when one of the two following events occurs: a change in the lease agreement or more likely a previous check was dishonored because of insufficient funds.
This form is used as an additional step of protection for the landlord. If a landlord receives rent via personal check or credit card they run the risk of insufficient funds or a chargeback. However, if the rent is paid via cash, money order, or cashier's check the landlord is provided with a bit more protection.
Check your locate state laws if you are requiring cash only. Some states allow cash only but state the tenant must have failed to pay at least one month's rent with an insufficient check or a stop payment on a money order or cashier's check.
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