Landlord Question and Answer Forum

what are typical late fees charged for rent payment

Suzanne C, FL on Sunday, February 17, 2013

RE: late fees

There are 2 ways to think about late fees, whether you want the fees as additional revenue, or to encourage your tenants to pay rent on time. All in all, many leases have a per day charge of around $5-$10

Posted by Luis M, NJ on Monday, February 18, 2013

RE: late fees

I charge my tenants $50 late fee after the 3 day grace period. They either pay or get a 3 Day Notice to Quit on the 4th Day. If they don't pay within the following 3 days, they get a 60 day eviction notice. No playing games. Luckily haven't had to evict yet as they've paid so far.

Posted by Polly R, CA on Monday, August 19, 2013

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