Updated almost 3 years ago on . Most recent reply
Late fee statement meaning
Saw this late fee statement on a commercial rent invoice and wondering what it means.
"Late fees: 10% late fee or $300 assessed if this invoice is not paid in full by the 5th of the month."
To me this is not clear if the tenant will be hit with a late fee of 10% or a late fee of $300 dollars. Am I missing something?
Thanks!