How to Pay Your Rent
When paying your rent, you should understand the difference between a check, cashier's check, and money order. Some property management companies will want a cashiers check at the time the lease is signed; however, it is perfectly fine to pay your rent every month with a personal check. Check with your management company's policy. Please be sure to indicate on the personal check what unit you live in on the memo line. If your parents are paying your rent, remind them to do so.
It is written by a bank customer and drawn from that customer's account. After the check is written the bank will certify that the signature is genuine and that the customer had sufficient funds to cover the check when it was issued.
How to write a personal check
- Write the date on the upper right hand corner on the line that says "Date"
- Write the amount of the check to the right of the dollar sign
- Write the monetary amount of the check in word form below the "Pay to" line
- Sign the check on the line in the bottom right corner
- Fill out the memo section on the bottom left of the check with your address
A form of payment where funds are guaranteed by your bank instead of you. This means that the property manager is being guaranteed the funds up front. You can get one at your bank.
When you need to pay a bill, but checks or cash are not accepted, a money order may be the solution. Money orders are often used for payments under $1,000 and are considered to be a secure form of payment, unlike personal checks, since they are purchased with cash. You can purchase a money order at your local post office, bank, or Western Union.