The rules for postdated checks are outlined in Article 3, Section 113 of the Uniform Commercial Code.
This date represents the date the transaction occurs.
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However, if the tenant writes the check with the intent to have funds in the account on the date that the check is postdated for, there is no intent to commit fraud or pass a worthless check and therefore no illegal activity has technically taken place.
Accepting a check that is postdated may provide the tenant with a legal defense that negates criminal intent even if the check doesn't clear.
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The amount of the check will not be drawn from the account until the date written on the check.
For example, a check written on the 14th of the month but dated for the 28th will not be cashed for another two weeks.
It seems logical: You owe someone or a business money, but you don’t have the necessary funds in your bank account just yet.
It’s OK — you know you’ll have the money later, so you write the check to meet your financial obligation.
Accepting a postdated check from a tenant may seem like a surefire way to get the money that you are owed, but this does not always lead to payment and sometimes may even lead to further complications.