Landlord Question and Answer Forum
Is $5 /day after 5 days grace period legal late fee for payment of rent?
Marilou S, CA on Tuesday, February 12, 2019
RE: Late fee or non payment of rent
Is $5 /day after the 5 day grace period legal penalty for late payment of rent?
Posted by
Marilou S, CA
on
Tuesday, February 12, 2019
RE: Late fee or non payment of rent
I'd think so, I currently charge a flat $50/100 fee depends on the place, but I think I'm going to go to $10 a day with my new leases, For Virginia up to 10% of rent is generally considered ok. You don't even need to give a grace period you can make it pay on the first/late on the second.
Posted by
Scott H, VA
on
Wednesday, February 20, 2019
RE: Late fee or non payment of rent
Yes, I'm sure it's legal. In Arizona, I can charge a 'reasonable' amount so currently a flat $50 late fee is assessed after 3 days. I don't have to give my tenants a grace period but I do.
Posted by
Darwin Q, AZ
on
Tuesday, February 26, 2019
RE: Late fee or non payment of rent
20
Posted by
jahfwkwi j,
on
Wednesday, April 3, 2019
RE: Late fee or non payment of rent
20
Posted by
jahfwkwi j,
on
Wednesday, April 3, 2019
Author:
ann s, AL
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03/22/2016
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Updated:
03/03/2016
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Kate S, NV
Updated:
09/03/2011
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Tina S, LA
Updated:
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Sheila A, AZ
Updated:
07/23/2015
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