Landlord Question and Answer Forum

dose the landlord have to give a grace time to pay rent or rent is do on date as to the lease. and what is the amount charge for each day late.

late fees must be reasonably related to the costs that you face as a result of the rent payment being late.

Posted by Irene S, KY on Saturday, June 9, 2012

Rent is due on Due date. No, grace periods are not required in CA and should not be given. I would not charge a late fee on a daily basis. A reasonable late fee is approx 5 - 10% of the rent. 5% is a reasonable %. Apply late fee 5 days after rent is due. Your contract should also state that actual late fee is difficult to determine, etc. Check your contract -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” However, it is up to you to become familiar with your State/Local laws. I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance.

Posted by Bob R, CA on Saturday, June 9, 2012