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Updated over 9 years ago,
# Grace days if any, before late charge per day?
It's that time of the month, again!
What's your late rent policy?
Do you give any grace days in between the due day (ie, the 1st) and the day you start applying a daily/weekly late charge?
I've been thinking of doing $10 per day late, but with (just) a 1 day grace, on any future rental agreements.
(I notice some landlords/PMs give $10 or $20 back each time paid by the due day, and some do a % late charge but not sure how the latter works)