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Maine Real Estate Q&A Discussion Forum
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Updated over 6 years ago,

User Stats

35
Posts
23
Votes
Eric Pierpont
  • Rental Property Investor
  • Auburn, ME
23
Votes |
35
Posts

The 15-day rent payment grace period in Maine

Eric Pierpont
  • Rental Property Investor
  • Auburn, ME
Posted

I told my tenants they would not be charged a 4% late fee until 15 days from the time payment is due. The 15-day grace period is state law which I will abide by. So now tenants do not pay me until the 13th or 14th of the month which is annoying. What would be a good way next time around to present a stricter payment policy while still abiding by the law? 

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