Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

21
Posts
3
Votes
James P.
3
Votes |
21
Posts

CT Grace Period Questions

James P.
Posted

Good morning everyone,

I am a new landlord and determined to be a fair but firm one. I have an tenant that is currently in the grace period as CT allows for 9 days before a late fee can be charged (5% on the 10th). The tenant talked to me verbally and mentioned he/she will have the rent by the 3rd. Previously, the rent has been paid on the 1st per the contractual lease we signed. I was a bit worried so I wanted to ask a few questions below:

  • Do you accept checks dated for the 1st even though they were given to you on the 3rd? (I'm thinking this may happen)
  • Would you advise I send a late rent notice if the tenant doesn't pay on the the 3rd?
  • Next time, if I am not notified verbally and the rent is during the grace period, is it acceptable to send a late rent notice? How would I word this? 

I appreciate your help in advance,

James

Most Popular Reply

User Stats

1,731
Posts
1,863
Votes
Filipe Pereira
  • Property Manager
  • Windsor Locks, CT
1,863
Votes |
1,731
Posts
Filipe Pereira
  • Property Manager
  • Windsor Locks, CT
Replied
Originally posted by @James P.:

Good morning everyone,

I am a new landlord and determined to be a fair but firm one. I have an tenant that is currently in the grace period as CT allows for 9 days before a late fee can be charged (5% on the 10th). The tenant talked to me verbally and mentioned he/she will have the rent by the 3rd. Previously, the rent has been paid on the 1st per the contractual lease we signed. I was a bit worried so I wanted to ask a few questions below:

  • Do you accept checks dated for the 1st even though they were given to you on the 3rd? (I'm thinking this may happen)
  • Would you advise I send a late rent notice if the tenant doesn't pay on the the 3rd?
  • Next time, if I am not notified verbally and the rent is during the grace period, is it acceptable to send a late rent notice? How would I word this? 

I appreciate your help in advance,

James

Hi James, 

-Yes, we accept checks "pre-dated" if you will. However, the receipt that we give out always has the day we actually received it. 

-You can issue a late rent notice after the first, but as you mentioned, it isn't technically late yet. It's only late after the grace period is over. Be careful how you explain this.

When I first purchased my 4 plex in East Hartford, I made this:

Hello XYZ Tenant, 


Your rent was due on [Insert Month] 1st. You are receiving this notification because as of XPM today, we have not received your payment for rent for the month of October. 

Your payment for rent for 1 month is ________.

Your rent must be paid in full and delivered to the address below before XPM on [Insert Day), [Insert Month] 10th:

[Your contact info]

Per your lease agreement, there will be a ________ late fee for payments made after this time. In addition, the Summary Process (Eviction) will begin on [Insert Day of Week], the 11th of [Insert Month].

As a reminder, your rent is always due in full before, or on the 1st of the month. Ensuring that your payment has been received is the best way to prevent late fees or eviction.

Thank you,

[Your Name]

Side note: Every time I think we have it bad in Connecticut, I just remind myself of Massachusetts' late payment laws!

Loading replies...