u/EasternYogi

Just discovered my new client contract has net-60 payment terms

Just discovered my new client contract has net-60 payment terms buried in the fine print — how do I manage cash flow while I wait?

Took on a decent sized IT consulting project last month, signed the contract pretty quickly because the rate was good and the client seemed legit. Didn't realize until I submitted my first invoice that they have net-60 payment terms buried about 8 pages in.

So I'm now looking at waiting 2 months to get paid for work I've already started. The project is 3 months long so by the time I see any money I'll have completed most of the work.

A few things stressing me out:

\- I have regular monthly expenses that don't wait 60 days

\- Is it too late to renegotiate the payment terms now that I've already started?

\- Should I have caught this before signing? It wasn't in the summary section at all

\- Does net-60 even hold up if they just... don't pay on day 60?

I know this is a lesson learned moment but honestly I've signed probably 10 contracts over the years and never had this issue. Starting to think I've been getting lucky and just not reading carefully enough.

How do other freelancers handle cash flow gaps like this? And is there anything I can do about the net-60 terms at this point?

Just discovered my new client contract has net-60 payment terms buried in the fine print — how do I manage cash flow while I wait?

Took on a decent sized IT consulting project last month, signed the contract pretty quickly because the rate was good and the client seemed legit. Didn't realize until I submitted my first invoice that they have net-60 payment terms buried about 8 pages in.

So I'm now looking at waiting 2 months to get paid for work I've already started. The project is 3 months long so by the time I see any money I'll have completed most of the work.

A few things stressing me out:

- I have regular monthly expenses that don't wait 60 days

- Is it too late to renegotiate the payment terms now that I've already started?

- Should I have caught this before signing? It wasn't in the summary section at all

- Does net-60 even hold up if they just... don't pay on day 60?

I know this is a lesson learned moment but honestly I've signed probably 10 contracts over the years and never had this issue. Starting to think I've been getting lucky and just not reading carefully enough.

How do other freelancers handle cash flow gaps like this? And is there anything I can do about the net-60 terms at this point?

US -CA - Landlord just sent a notice saying my rent is going up 8.5% starting next month. I've been here 3 years, never missed a payment, never caused issues.

I vaguely know California has some kind of rent increase cap but I have no idea how to calculate whether 8.5% is legal or not. The notice just says "market adjustment" with no further explanation.

A few things I'm confused about:

- Does AB 1482 apply to my unit? It's a single family home, been here since 2021

- Is the landlord required to give a reason for the increase?

- How much notice are they supposed to give for an increase this size?

- If it IS illegal, what do I actually do about it?

I don't want to be that difficult tenant but 8.5% is nearly $200/month more and I genuinely can't tell if I'm being taken advantage of or if this is just how it is now in California.

Has anyone been through this? What did you do?

UPDATE: I also ran the notice through whatsinmycontract.com which flagged the lack of proper notice period — combined with your advice I feel way more confident that this was coming but I still have clear reason to push back. Let's see if I could negotiate, will update here.