Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 1 year ago, 06/26/2023

User Stats

10
Posts
5
Votes
Lewis A.
5
Votes |
10
Posts

What fees work well in your lease

Lewis A.
Posted

Most of us charge fees/penalties in our leases. The normal late fees, application fees etc. Can you mention what other fees have worked well for you please?

Some ideas to start the conversation.

We email our tenants all notices and they agree to that method of communication in their lease. If they do not acknowledge a notice in a set period of time the notice is attached to their door, we are exploring adding a penalty fee for this in the lease to compensate administrative costs.

We very rarely pay utilities on behalf of a tenant, when we do, we charge that amount to their invoice at no additional cost. We are thinking of adding a 10% charge to those utility bills.

We have considered court fees for a while. We go to court ourselves and are considering adding a penalty/fee for this as it requires preparation and a large part of our day.

I know this can all be dependent on state but I would like to know what has worked well for you please.

Loading replies...