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I rent out a small room in my house in Washington state. I charge a late fee if the rent is more than 5 days late. In the rental agreement, should this be called a "late fee" or "late charge" (I've seen it done both ways), and should it specify that the late fee will be assessed even if only part of the rent is paid on time?
Judy G, WA on Monday, November 14, 2011
RE: Late Fees
You can use either - The Lease off of this website uses "Late Fee"
Posted by Luis M, CA on Wednesday, November 16, 2011
RE: Late Fees
Thanks. I also am wondering if the fee needs to be designated as non-refundable (most aren't) and if it is legal to add a returned-check charge clause as well.
Posted by Judy G, WA on Wednesday, November 16, 2011
RE: Late Fees
Yes it's OK to charge bank fees' , The bank is going to collect the late fee's from who made the bad check and who deposits check (Landlord). Usually late fee's aren't refundable specially Bank's.
Posted by Jorge Luis C, MA on Thursday, November 17, 2011
RE: Late Fees
The Libraries will send a courtesy notice before the item is due suggesting that you return or renew it, however, you are still responsible for any late fees or fines
Posted by shan m, AR on Friday, November 18, 2011
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