Explain it on the lease. If the tenant doesn't pay on time he can be charged a late fee (it must be reasonable) if you so state this on the lease. If the rent is really late, like let's say, 10 days, you can follow eviction procedures.
In the U.S., it depends on what state you are in. In most states, you give the tenant a notice to quit, then proceed with a court cast. By the way, if you don't know these basic rules of being a...
Of course! How else to you think the owners of the house are going to get rich off of you?
Now, do you have to pay the rent TO THE LANDLORD in a foreclosure sale? Probably not. If you put the money...