Tenant asking for 2 week grace period...

[Eric P.]

I have great tenants. They take care of the place and have always paid on time for 2 years.  They've asked for a 2 week grace period this month.  I'm inclined to work with them, and make it clear that next months rent is again due on the 1st.  I just want to make sure I'm not opening myself up to issue down the road from a legal standpoint if I allow this once.  Would it be better if I suggested half now and half 2 weeks later?  This is new for me.

[Nathan Gesner]

if you do it once, what's your justification for not doing it a second, third, or 15th time?

best practice is to never waive late fees. Acknowledge that they can't pay until the 15th or whatever, but remind them that the late fee is applied on the X day of the month and late fees are not waived.