Re: What day do late fees begin - Landlord Forum thread 358501

Re: What day do late fees begin by Garry on August 27, 2018 @17:53

My question to you is, does your late fee amounts conform to what your state law says about them? (that's assuming your state laws addresses late fees). If they don't, what good are they if they can't be upheld in court? But, to answer your Q, by your wording, they have till the end of the 5th day to get you the normal rent. At 12:01 am on the 6th, they owe you an extra $25, $50 after 12:01 on the 7th, $75 after 12:01 on the 8th, and so on. Is there a maximum for your state?

If the T only brings you the actual rent on the 7th, and no late fees, accept it, and write a receipt for it. On the 8th, write a letter to the T,, saying they were late, they owe you $50, and you will collect the $50 when they come to pay the next months rent. Tell them you will write them a receipt for the late fees, BEFORE you collect the rent from them. So if the rent was $800, and give you $800, write a receipt for $50 for late fees for the last month, and one for $750 in rent. That way, they will still owe you $50 in RENT, of which you can give them a 3 day notice to pay rent or quit. Just remember, you MUST be willing to follow thru on the 3 day notice, or your late fees are worthless to you.

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Re: What day do late fees begin by Daniel (CA) on October 5, 2018 @11:03	[ Reply ]

Remember also, you must be willing to follow through on the 3 day notice, which means file an eviction or else they can claim the 3-day notice was harassment! (this is the talk here in Southern California