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Updated about 6 years ago on . Most recent reply

Account Closed
  • Property Manager
  • Oklahoma City, OK
4
Votes |
20
Posts

Late Fees in Oklahoma

Account Closed
  • Property Manager
  • Oklahoma City, OK
Posted

Is it legal to charge a basic late fee and a daily late fee after so many days in Oklahoma?

For example, our grace period is until the 5th, then we charge a $50 fee. If someone still isn’t paid at the 10th could we start charging a per day late fee?

How would you go about doing that if it’s not at lease renewal? Or could you not change it until lease renewal time?

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