Re: Does Colorado have a limit on Late Fees? - Landlord Forum thread 342106

Re: Does Colorado have a limit on Late Fees? by Stephen (WA - Washington) on January 8, 2016 @15:11

Interesting. As a former psychology major I tend to view late fees as an incentive for the tenant to change their behavior. From that viewpoint, when I had a tenant who had set up an automatic check from a bank and either the bank or the Postal Service screwed up so the payment was late, I saw no need for a late fee as the tenant had no behavior that needed changing. Now if we could have passed the fee on to the bank I would have been happy to do that.

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Re: Does Colorado have a limit on Late Fees? by Tom on January 10, 2016 @12:54	[ Reply ]

Interestingly, I've never felt the need to change someones behavior nor control them.

Re: Does Colorado have a limit on Late Fees? by Chrissy Smiley (Colorado) on September 7, 2016 @17:57	[ Reply ]

I really like the way you think. I think that's the most kind and civil way to be. You're a good person. I have a property management business in Boulder, Colorado and I too try to be reasonable and think of the actual purpose and goal of fees and fines. It should not be just to be greedy.