Negotiate Tough Remedies for Habitually Late Rent

Struggling tenants sometimes must prioritize which creditors to pay each month. If they think you'll put up with late rent, they may put you at the bottom of the list. If you don't want to lose the tenant for some reason—for example, the loss will upset the tenant mix or co-tenancy rights of the other tenants at your center or you're having trouble leasing up your office building—you may be tempted not to take any action the first couple of times that the tenant is late with its rent and hope that it'll start paying on time again.