Landlord Question and Answer Forum
late rent
What is the normal charge per day for late rent. Please if any one can help with this thank u I am new to this. / Have a renter that has been late every month for the past 9 months and want to start charging late fees thanks for your input
Debbie
Deborah B, WA on Monday, June 01, 2009
Ref:
RE: late rent
Typically in a lease, late fees are explicitly stated. Some start at $25 after 5 days (or whatever your state law allows) and some as high as $75.
Others start with a flat fee and add more per day, here is one such example:
"If rent is received more than three (3) days after the due date, the Tenant will pay an initial late charge of $25.00. Each additional day the rent remains unpaid after the 5th day, a $ 5.00 charge will be incurred"
Posted by
I H J, WI
on
Tuesday, June 02, 2009
Ref:
RE: late rent
Washington had a proposed law a couple of years back that would limit late fees to $50 or 10% of the rent (whichever greater). I am not sure if it passed or not, but it seems to be a safe guideline.
Don't forget to check with RCW 59.18 for details on how to give notice, etc
Posted by
Joan M, OR
on
Tuesday, June 02, 2009
Ref:
RE: late rent
The late fee question should be addressed in your lease. If it is not, and you have a written Rental Agreement, you can serve a 30-day notice to change the terms of your rental agreement, and state the new Late Fee parameters.
Please be aware that if rent is not paid by the due date, no matter whether you have a grace period or not, then the tenant is in breach of the contract. You can serve a 3-day notice to pay rent or quit, wait the required time period in your state, then proceed to evict the tenant. Check with your local Apartment Owners Assoc. for the specifics for your state. K from CA
Posted by
KJ B, CA
on
Wednesday, June 17, 2009
Rent Receipt
This standard rent receipt records every aspect of a tenant’s payment, including amount, payment type, and date. Also includes memo space for individualized record-keeping.
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Property Management Agreement - Property Management Contract
This is a contract executed between a landlord and a property manager, outlining the responsibilities of each party and the agreed-upon fee structure.
with State Assist guidelines
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Lease Renewal Notice
Extend the terms of an existing lease with just a few clicks of the keyboard using this customizable form.
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- Auto-fill Document
- Works with Window Envelopes
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Direct Deposit Billing Authorization
This document asks for the tenants authorization to automatically debit a tenants' bank account for the rent each month.
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Author:
Jacob W, WI
Updated:
03/27/2011
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