Hi,
My son and friend have just moved into an apartment. Between them, they've agreed that the rent should come out of my son's a/c on the 1st of every month as he gets paid monthly, on the 31st. This sounded ideal to them but the property agency have said that the rent for Jan 1st HAS to be in the account by Dec 23rd (Christmas hols etc) and if the DD fails, the property co. will charge €20 for the first failure and €50 for each subsequent failure. There's no way that the €475 needed to cover the rent, will be in my lad's acc on Dec 23rd (He's lucky if he has 4.75 at month's end!) but it will be there on Jan 1st, which is the agreed DD date.
Can anybody advise please?
Thanks.
My son and friend have just moved into an apartment. Between them, they've agreed that the rent should come out of my son's a/c on the 1st of every month as he gets paid monthly, on the 31st. This sounded ideal to them but the property agency have said that the rent for Jan 1st HAS to be in the account by Dec 23rd (Christmas hols etc) and if the DD fails, the property co. will charge €20 for the first failure and €50 for each subsequent failure. There's no way that the €475 needed to cover the rent, will be in my lad's acc on Dec 23rd (He's lucky if he has 4.75 at month's end!) but it will be there on Jan 1st, which is the agreed DD date.
Can anybody advise please?
Thanks.