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Updated about 10 years ago on . Most recent reply

User Stats

299
Posts
126
Votes
Arnie Guida
  • Residential Landlord
  • Greenfield, WI
126
Votes |
299
Posts

Late Fee Terms After 1yr Lease Expires

Arnie Guida
  • Residential Landlord
  • Greenfield, WI
Posted

I've been told that my long held beliefs are not true. I've always thought that at the end of a 1 year residential lease, that it automatically becomes a month to month lease with the same terms, such as in late fees. I've been told that I can no longer charge late fees unless there is a new lease agreement.

Is this true? I guess I need to check Wisconsin State law...

Thank you, 

Arnie

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