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Updated almost 2 years ago on . Most recent reply
![Dar Fornelli's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/173915/1621421608-avatar-dar_for.jpg?twic=v1/output=image/crop=3456x3456@1306x0/cover=128x128&v=2)
Tenants paid full rent late, but have not paid late fee
For the second month in row, my tenants have paid rent 3+ days late. My lease states the following:
Shall tenant(s) accounts not be paid in full by 4:00 pm on the 2nd day of the month, a late charge of twenty five dollars ($25.00) will be added to the outstanding balance to cover costs of collection, and if payment is not received thereafter an additional late charge of ten dollars ($10.00) per day will be added to the unpaid balance.
They have since paid the monthly rent value, but not the late fee totaling $45. Now they are non-responsive to calls and texts. Should I continue to tack on the $10 late fees since there is still an outstanding balance? How long do I give them before taking legal action?
Appreciate any input!
Most Popular Reply
![Michael Plante's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/871877/1621504752-avatar-michaelp368.jpg?twic=v1/output=image/cover=128x128&v=2)
this is why I don’t have late fees
I have discounts.
Eg rent is $1300 due in the 5th.
If you pay before the 5th it is $1250