Re: When is the rent officially late with grace period

Re: When is the rent officially late with grace period by Katiekate (New York) on February 5, 2015 @22:47

I have a 5 day grace period.

The lease clearly states that the rent is due on the first...I will not charge a late fee ....but I will post a quit or pay on the second. I have a manager who does the work to prepare the "q or p" and his time is billed. The lease makes it clear that the cost of posting legal notices due to late rent will be added to the rent due.

It isn't free to not pay on time. It costs $25. For me to have a "q or p" posted...that is added to the rent owed. What that does do is prepare the way for me to file eviction papers on the morning of the 6th. If I wait until the 6th (5 day grace period) then I cannot file before the 10th. That can make the difference between getting the eviction before the 1st of the new month..or having it drag into a second month.

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Re: When is the rent officially late with grace period by Anonymous on February 7, 2015 @07:55	[ Reply ]

So in reality you don't have any grace period.

Re: When is the rent officially late with grace period by Katiekate (New York) on February 7, 2015 @08:47	[ Reply ]

Sure I do. My late fee is exactly the same as all the apartment complexes around me charge.. 10%. Or $100.

Re: When is the rent officially late with grace period by Anonymous on February 9, 2015 @20:47	[ Reply ]

A grace period is a period of time before fees or penalties are added to a transaction for being late. By charging $25 on the 2nd, you don't have a grace period.

Re: When is the rent officially late with grace period by Dan (KY) on October 15, 2017 @15:20	[ Reply ]

Bet you have been sued more than once.You threaten me,with eviction after a grace period,you will answer why you state in the contract,that you have one!!

Re: When is the rent officially late with grace period by Dan (Ky) on October 15, 2017 @15:23	[ Reply ]

Excuse me,i meant to state,if i am threatened with a p or q,on the day before your lease states it is late.You sure take putting tenants out lightly!!

Re: When is the rent officially late with grace period - Landlord Forum thread 330712