OpenRent Community

Introducing: Monthly Rent Collection

#1

Originally published at: https://blog.openrent.co.uk/introducing-monthly-rent-collection/

Today, we’re really proud to announce the launch of our new monthly rent collection service. It’s totally free – with no monthly or initial charge – and available to anyone with a current or future tenancy created using our Rent Now service. We’ve built it – and made it free – because we want Rent…

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#2

What a brilliant idea - well done guys.

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#3

I notice that OpenRent won’t allow a change of rent date even if successfully negotiated between landlord and tenant without a modification to the OpenRent contract, and sends out overdue notices each day the rent is “late”. Can it please be confirmed that OpenRent will not be reporting “late” rent payments to credit reporting agencies due to their refusal to allow a realistic rent date modification solution?

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#4

Hi Ian,

Thanks for posting.

As you’ve mentioned, our contract requires that the rent payments are made on or before the tenancy start date on a rolling monthly basis. So for example if the tenancy starts on the 20th of any given month, the rent payment is due on or before 20th of each month. This is to ensure there is a clear period to the tenancy, so that the notice period is clear.

The issue you’ve identified is that the rent collection due date is based off the contract.

At this time we do not report late rent payments to credit agencies. We are currently looking into how we can better support the rental situation you’ve described as part of Rent Now - as part of our ongoing service improvements.

Hope that helps!
Simon

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