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582
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Jon K.
  • Rental Property Investor
  • Perry Hall, MD
594
Votes |
582
Posts

It's okay to enforce a late fee

Jon K.
  • Rental Property Investor
  • Perry Hall, MD
Posted

I don't know who needs to hear this, but if your lease says there's a late fee and your tenant is late...then there's a fee. It's okay. It's what both parties agreed to in writing in a contract. The story doesn't matter. The tenant's attitude about it doesn't matter. You hold up your end of the lease when they need you to. When you get that emergency repair phone call at 2am on Thanksgiving day for example, you handle it. That's the deal. If you feel like you need permission to enforce your lease, then consider it granted.

Most Popular Reply

Account Closed
  • Property Manager
  • San Diego, CA
42
Votes |
65
Posts
Account Closed
  • Property Manager
  • San Diego, CA
Replied

I always enforce late fees. No matter what. I don't care what your reasons for paying late are. My tenants know this and they always pay it.

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