Whether you received a postdated check or you’re thinking of writing one, it’s important to know how they work — and that they often don’t work the way you might expect. People usually postdate checks when they want the recipient (the person or business receiving the payment, also known as the payee) to wait before depositing the check.A postdated check is a check with a future date written on it. Two potential reasons for this include: No fraud allowed: There’s no law making postdated checks illegal.
Post dating cheque
This is especially true in tenancies where the relationship with landlord and tenant is good.
If you have provided post-dated cheques, and this is convenient to you, there is nothing wrong with having done this.
You’re allowed to to pay with a postdated check, and businesses are allowed to reject those payments because you haven’t really made a free-and-clear payment.
By: Ernest Woo LLB and Jayson Schwarz LLM Every time someone begins to negotiate a lease for a residential premise, the issue of security deposits and post-dated cheques needs to be dealt with. A deposit is usually demanded by the landlord in order to use all or part of the deposit to cover any damages to the property caused by the tenant or to cover rent should a tenant fail to make a rent payment.
For example, a check written on the 14th of the month but dated for the 28th will not be cashed for another two weeks.
The rules for postdated checks are outlined in Article 3, Section 113 of the Uniform Commercial Code.
interpretation, cheques post-dated or ante-dated beyond the period of six months from the date the cheques bear would conditional the date on which payment is made is the date of acceptance of the post-dated cheque provided ... The mere fact that post-dated cheques were issued reveal the intention that cheques post dated or ante dated beyond the period of six months from the date the cheque bears ...
post-dated, for it is clear that no payment of a post-dated chequeis possible before the date which demand accepted bill leads to a post dated cheque. cheque" till the date when it becomes "payable on demand".... When a post-dated cheque is written submit that a post-dated cheque is not "a cheque" since a cheque by definition ...
Proviso (a) to Section 138 uses the words "the date made.
The dates written on those cheques, which were post-dated cheques, are not the dates when the cheques were ...
Note that the language of the Residential Tenancies Act simply provides that a landlord may not "require" a tenant to provide post-dated cheques.