Just got a rent check dated 1/1/19

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atikovi
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Just got a rent check dated 1/1/19

Post by atikovi »

Assume the bank won't take it being a year old. I can fairly easily change the date to 12/31/19 and would ask permission from the tenant first. Any issues?
Goal33
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Re: Just got a rent check dated 1/1/19

Post by Goal33 »

atikovi wrote: Mon Jan 06, 2020 5:25 pm Assume the bank won't take it being a year old. I can fairly easily change the date to 12/31/19 and would ask permission from the tenant first. Any issues?
ask the tenant for a new check
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Re: Just got a rent check dated 1/1/19

Post by jebmke »

once or twice I have mis-dated a check. I corrected the date on the original and initialed it.
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roymeo
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Re: Just got a rent check dated 1/1/19

Post by roymeo »

I doubt anyone at the bank ever notices the date. Even if it says "1/21/2020", I bet it would deposit today. I've seen that happen.
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ohai
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Re: Just got a rent check dated 1/1/19

Post by ohai »

roymeo wrote: Mon Jan 06, 2020 5:33 pm I doubt anyone at the bank ever notices the date. Even if it says "1/21/2020", I bet it would deposit today. I've seen that happen.
Nowadays, a computer scans those checks and reads the handwriting though. It should be increasingly less common for this sort of thing to pass through.
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Re: Just got a rent check dated 1/1/19

Post by mervinj7 »

Goal33 wrote: Mon Jan 06, 2020 5:32 pm
atikovi wrote: Mon Jan 06, 2020 5:25 pm Assume the bank won't take it being a year old. I can fairly easily change the date to 12/31/19 and would ask permission from the tenant first. Any issues?
ask the tenant for a new check
+1 As a fellow landlord, this is the only correct answer.
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atikovi
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Re: Just got a rent check dated 1/1/19

Post by atikovi »

mervinj7 wrote: Mon Jan 06, 2020 6:07 pm
Goal33 wrote: Mon Jan 06, 2020 5:32 pm
atikovi wrote: Mon Jan 06, 2020 5:25 pm Assume the bank won't take it being a year old. I can fairly easily change the date to 12/31/19 and would ask permission from the tenant first. Any issues?
ask the tenant for a new check
+1 As a fellow landlord, this is the only correct answer.
Easier to change the date as mentioned then having them write and send a new check. What's the problem with that?
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Re: Just got a rent check dated 1/1/19

Post by mervinj7 »

atikovi wrote: Mon Jan 06, 2020 6:29 pm Easier to change the date as mentioned then having them write and send a new check. What's the problem with that?
I would never feel comfortable changing the date on a check given to me by someone else. At the very least, you can have the tenant change the date and initial it. Why put yourself in an unwanted legal/financial situation? If the check bounces, is it the tenant's fault or yours for changing the date? What's the proof that you didn't just change and cash a check from one year ago? As a landlord, I avoid any grey areas especially when it comes to rent payments.
Jags4186
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Re: Just got a rent check dated 1/1/19

Post by Jags4186 »

Stop taking checks, make tenants pay with Venmo.
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dm200
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Re: Just got a rent check dated 1/1/19

Post by dm200 »

mervinj7 wrote: Mon Jan 06, 2020 6:33 pm
atikovi wrote: Mon Jan 06, 2020 6:29 pm Easier to change the date as mentioned then having them write and send a new check. What's the problem with that?
I would never feel comfortable changing the date on a check given to me by someone else. At the very least, you can have the tenant change the date and initial it. Why put yourself in an unwanted legal/financial situation? If the check bounces, is it the tenant's fault or yours for changing the date? What's the proof that you didn't just change and cash a check from one year ago? As a landlord, I avoid any grey areas especially when it comes to rent payments.
While I believe it would be 99.9% safe to just change the date - why take a risk with a tenant.

My guess is that if you just deposited the check - it would go through. I think I would just deposit the check.
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Re: Just got a rent check dated 1/1/19

Post by barnaclebob »

atikovi wrote: Mon Jan 06, 2020 6:29 pm
mervinj7 wrote: Mon Jan 06, 2020 6:07 pm
Goal33 wrote: Mon Jan 06, 2020 5:32 pm
atikovi wrote: Mon Jan 06, 2020 5:25 pm Assume the bank won't take it being a year old. I can fairly easily change the date to 12/31/19 and would ask permission from the tenant first. Any issues?
ask the tenant for a new check
+1 As a fellow landlord, this is the only correct answer.
Easier to change the date as mentioned then having them write and send a new check. What's the problem with that?
There isnt if you get permission. Too many bogleheads are afraid of extremely low probability outcomes.
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atikovi
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Re: Just got a rent check dated 1/1/19

Post by atikovi »

mervinj7 wrote: Mon Jan 06, 2020 6:33 pm
atikovi wrote: Mon Jan 06, 2020 6:29 pm Easier to change the date as mentioned then having them write and send a new check. What's the problem with that?
I would never feel comfortable changing the date on a check given to me by someone else. At the very least, you can have the tenant change the date and initial it. Why put yourself in an unwanted legal/financial situation? If the check bounces, is it the tenant's fault or yours for changing the date? What's the proof that you didn't just change and cash a check from one year ago? As a landlord, I avoid any grey areas especially when it comes to rent payments.
Been a good tenant for over 5 years so I'm not worrying about changing it as it's obviously a mistake I can correct with their permission.
Jags4186 wrote: Mon Jan 06, 2020 6:35 pm Stop taking checks, make tenants pay with Venmo.
Guy doesn't have an email address far as I know.
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dm200
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Re: Just got a rent check dated 1/1/19

Post by dm200 »

I still say - just deposit the check. I doubt the bank or credit union will notice.
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Re: Just got a rent check dated 1/1/19

Post by Jack FFR1846 »

It's a personal check. I doubt it has a statement on it "Valid for 90 days" or the like. My wife found a birthday check from her aunt recently. The check is 5 years old. She deposited it without issue.
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atikovi
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Re: Just got a rent check dated 1/1/19

Post by atikovi »

I tried to deposit a check not much over 6 months old a few years ago and they wouldn't take it. I don't remember if it said, not valid after 6 months on the check, but still, why try.
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Re: Just got a rent check dated 1/1/19

Post by Brianmcg321 »

Jack FFR1846 wrote: Mon Jan 06, 2020 6:51 pm It's a personal check. I doubt it has a statement on it "Valid for 90 days" or the like. My wife found a birthday check from her aunt recently. The check is 5 years old. She deposited it without issue.
But she's on a fixed income!!
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Billionaire
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Re: Just got a rent check dated 1/1/19

Post by Billionaire »

Yes, I would cash it, as is. Back in my accounting days in 1978, my manually created paycheck was not signed by my boss. I cashed it, no problem.
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Re: Just got a rent check dated 1/1/19

Post by iamlucky13 »

I'd prefer to have them write a new check, just to reduce the possibility that the discrepancy with their original check stub could never be used to try to challenge the validity of the check. I view this as a low likelihood, however.
roymeo wrote: Mon Jan 06, 2020 5:33 pm I doubt anyone at the bank ever notices the date. Even if it says "1/21/2020", I bet it would deposit today. I've seen that happen.
They are supposed to notice it and often do. I've had mis-dated checks rejected a couple times in the past, including one like this where it was a year "old" very early in the new year and clearly just a mistake.

Also, if addressed to multiple payees (for example, if you want either a husband or wife to be able to deposit a check), I've had one rejected for writing "John and Jane Doe" instead of "or." In that case, the person who was absent was not a joint holder of the account where it was being deposited.
Jack FFR1846 wrote: Mon Jan 06, 2020 6:51 pm It's a personal check. I doubt it has a statement on it "Valid for 90 days" or the like. My wife found a birthday check from her aunt recently. The check is 5 years old. She deposited it without issue.
I believe it depends on the financial institution where it is deposited, and whether the employee is paying attention, but my understanding is most have policies to not accept a check more than 1 year old, and in some cases it may only be 6 months.
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Re: Just got a rent check dated 1/1/19

Post by Gill »

dm200 wrote: Mon Jan 06, 2020 6:46 pm I still say - just deposit the check. I doubt the bank or credit union will notice.
Agree. It will sail through the system.
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8foot7
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Re: Just got a rent check dated 1/1/19

Post by 8foot7 »

No chance this gets caught back. Just deposit it.
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Re: Just got a rent check dated 1/1/19

Post by RubyTuesday »

Deposit the check. If they won’t take it, charge renter $20 fee for check not going through.
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Re: Just got a rent check dated 1/1/19

Post by oldcomputerguy »

Here’s a pretty good discussion of the issues surrounding dates on checks.

https://budgeting.thenest.com/banking-l ... 23543.html
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Re: Just got a rent check dated 1/1/19

Post by veggivet »

[/quote]

But she's on a fixed income!!
[/quote]

Who else knows the reference made here?
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Re: Just got a rent check dated 1/1/19

Post by yangtui »

I would just deposit it as is at an ATM and move on.
chevca
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Re: Just got a rent check dated 1/1/19

Post by chevca »

Just deposit it. I'm sure this happens many times around the start of each year. No big deal... unless you bring it up on BHs. :happy
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Re: Just got a rent check dated 1/1/19

Post by hbdad »

veggivet wrote: Mon Jan 06, 2020 7:35 pm
But she's on a fixed income!!
[/quote]

Who else knows the reference made here?
[/quote]

Seinfeld! What was the name of the bank without looking it up?
veggivet
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Re: Just got a rent check dated 1/1/19

Post by veggivet »

I think it was Chemical Bank. Plus, it wasn't his aunt, it was his grandmother, if I recall correctly.
If you watch your pennies, your dollars will take care of themselves.
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Re: Just got a rent check dated 1/1/19

Post by hbdad »

veggivet wrote: Mon Jan 06, 2020 7:48 pm I think it was Chemical Bank. Plus, it wasn't his aunt, it was his grandmother, if I recall correctly.
+1
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Re: Just got a rent check dated 1/1/19

Post by WillRetire »

hbdad wrote: Mon Jan 06, 2020 8:03 pm
veggivet wrote: Mon Jan 06, 2020 7:48 pm I think it was Chemical Bank. Plus, it wasn't his aunt, it was his grandmother, if I recall correctly.
+1
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Nyc10036
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Re: Just got a rent check dated 1/1/19

Post by Nyc10036 »

If you are depositing it in person, the teller will notice the date problem.

.
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Re: Just got a rent check dated 1/1/19

Post by Kenkat »

WillRetire wrote: Mon Jan 06, 2020 8:07 pm
hbdad wrote: Mon Jan 06, 2020 8:03 pm
veggivet wrote: Mon Jan 06, 2020 7:48 pm I think it was Chemical Bank. Plus, it wasn't his aunt, it was his grandmother, if I recall correctly.
+1
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Re: Just got a rent check dated 1/1/19

Post by veggivet »

Back on topic, to the OP, just deposit the check!
If you watch your pennies, your dollars will take care of themselves.
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Re: Just got a rent check dated 1/1/19

Post by Sandtrap »

mervinj7 wrote: Mon Jan 06, 2020 6:07 pm
Goal33 wrote: Mon Jan 06, 2020 5:32 pm
atikovi wrote: Mon Jan 06, 2020 5:25 pm Assume the bank won't take it being a year old. I can fairly easily change the date to 12/31/19 and would ask permission from the tenant first. Any issues?
ask the tenant for a new check
+1 As a fellow landlord, this is the only correct answer.
+++1
Absolutely.
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squirm
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Re: Just got a rent check dated 1/1/19

Post by squirm »

deposit as is. Do NOT charge the renter a fee if it's bounced back, it sounds like you have a good renter. I would never want to upset a good tenant over something trivial as this.
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Re: Just got a rent check dated 1/1/19

Post by mptfan »

dm200 wrote: Mon Jan 06, 2020 6:46 pm I still say - just deposit the check. I doubt the bank or credit union will notice.
I agree.
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Re: Just got a rent check dated 1/1/19

Post by whodidntante »

What's a check?
Daryl
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Re: Just got a rent check dated 1/1/19

Post by Daryl »

Coming from the other side of the issue (I'm a renter), my expectation would be that my landlord would send me a text message, "Hey - Your last rent check had the wrong date on it. Would you be able to send me a new one?" I'd of course issue a new one, and expect that he'd return to me the old check (with the wrong date). Mistakes happen.
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8foot7
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Re: Just got a rent check dated 1/1/19

Post by 8foot7 »

I will say if you (a) have noticed the mistaken date, (b) choose to deposit it anyway, and then (c) for some reason it gets returned to you, you should then not charge the renter a fee.

To me there is a difference between seeing a mistake and thinking you can get around it vs. just depositing a bunch of checks without looking and noticing a mistake--in the latter case, a fee could be justified, but if you had the opportunity to prevent the fee by noticing the small innocent mistake we have all made around a new year's transition and chose not to bring it up to the renter and took your chances anyway, I don't think that should be on the tenant.

Still think that, unless you deposit it at a teller, it will blend in among the hundred thousand other checks deposited yesterday at your bank.
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Re: Just got a rent check dated 1/1/19

Post by johnubc »

Daryl wrote: Tue Jan 07, 2020 6:41 am Coming from the other side of the issue (I'm a renter), my expectation would be that my landlord would send me a text message, "Hey - Your last rent check had the wrong date on it. Would you be able to send me a new one?" I'd of course issue a new one, and expect that he'd return to me the old check (with the wrong date). Mistakes happen.
Exactly. Just ask for a new check - at my Bank - Yes, they would catch this (FACT, as they have). They also would not charge me a fee.
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Re: Just got a rent check dated 1/1/19

Post by dpa789kd »

Brianmcg321 wrote: Mon Jan 06, 2020 6:59 pm
Jack FFR1846 wrote: Mon Jan 06, 2020 6:51 pm It's a personal check. I doubt it has a statement on it "Valid for 90 days" or the like. My wife found a birthday check from her aunt recently. The check is 5 years old. She deposited it without issue.
But she's on a fixed income!!
Love the Seinfield reference!
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Re: Just got a rent check dated 1/1/19

Post by celia »

Someone didn't cash a check I wrote for a year and it went through as normal. We even have "VOID AFTER 60 DAYS" printed over the signature line, although I know the bank doesn't look at this. It is just a prompt for the receiver to not hold it for very long. Go ahead and cash your check as-is. If uncomfortable, call your bank and see if they will automatically accept it.
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Re: Just got a rent check dated 1/1/19

Post by JediMisty »

veggivet wrote: Mon Jan 06, 2020 7:35 pm
But she's on a fixed income!!
[/quote]

Who else knows the reference made here?
[/quote]

Seinfeld !!!(didn't scroll down to find the answer, either....) And it was his nanna's check, I think...
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