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Updated almost 6 years ago on . Most recent reply

User Stats

415
Posts
38
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Sami Gren
  • Rental Property Investor
  • new jersey
38
Votes |
415
Posts

Is it legal to put a daily penalty?

Sami Gren
  • Rental Property Investor
  • new jersey
Posted
My tenant us asking for a month extension, but to be sure she will move out at that time, I want to put a big daily penalty fee (maybe like $75 per day) for each day she stays more than a month, so I could make sure she is seriously getting out and not just playing around with me, is it legal? (State of new jersey) And what do you think in general..

Most Popular Reply

User Stats

161
Posts
178
Votes
Aidan Mulligan
  • Rental Property Investor
  • Charlotte, NC
178
Votes |
161
Posts
Aidan Mulligan
  • Rental Property Investor
  • Charlotte, NC
Replied

1) Depends on where you are, every state is different

2) If it is legal in your state it must be in the leasing contract, you can't amend a contract after the fact

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