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Updated almost 9 years ago,
Collecting late fees...
I'm taking over management of a 6 unit apartment building and I'm concerned about late fees. A couple tenants habitually pay late. The previous manager did not collect late fees ever even though penalties are spelled out in the lease. My question is what legal precedent was set by not enforcing the lease as regards to late fees? My other question is when I start enforcing late fees, what do you do if the tenants do not pay them, evict?