The process needs to be right before worrying about the accounts:

   1. If your tenant is reluctant to pay rent find a new tenant, no
   different to any other business clients that are hard work.
   2. Weekly tenant notices with the amount owing seems more like
   harassment, and too much work anyway.
   3. Rental agreements work best when they suit both parties which
   involves communication and a bit of negotiation.
   4. My understanding is a lease is an invoice that states the amount per
   period and the term. Just send them a statement that is good enough for
   legal action anyway. Ask them how frequently they want them (quarterly,
   half-yearly, or annually), generally the older they are the less frequently
   they want them.
   5. If your tenants are paid fortnightly make that the rent period, due
   after they are paid.
   6. Ask tenants to have rent deducted from their pay or bank account
   into your account, they'll normally agree and it makes it easier for
   everyone.
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