Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 almost 10 years ago on . Most recent reply

User Stats

299
Posts
125
Votes
Arnie Guida
  • Residential Landlord
  • Greenfield, WI
125
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

Loading replies...