|
|
Re: LPA Lease Late Fee Clause
by Jack Klein (NY)
on June 24, 2018 @23:50
|
The late fee is enforceable as long as it is written in your lease. You send them a late notice with late fee due after they've gone past the late date.
>Is it better to start with new tenants?
If you have bad tenants, it is always better to start with new tenants.
>Is there a limit to how much I can charge?
Yes. Even states with no limit are limited by what a judge decides if it is ever challenged. Check your state limits at https://www.thelpa.com/lpa/forms/state-lease.html
>What date should I make the late fee due?
I make the fee due if rent is not paid by the 5th of the month.
|
[
Reply
]
[
Return to forum
]
|
|
|
Look-up
Associations
Attorneys
Businesses
Rentals Available
Rentals Wanted
Realty Brokers
Landlord Articles
Tips & Advice
Tenant Histories
Other Areas
Q&A Forum
Free Forms
Essential Forms
Landlord Tenant Law
Join Now
Credit Reports
About Us
Site Help
|