I have heard different opinions regarding late fees. My properties are in the Denver Metro area, and the currently renting for $1150 per month and I charge $20 day late fee stated in the lease. Is this fair and re...

How is late fee calculated. 
Lease states:
Rent due 1st of the month. If rent not received by 3rd, a initial late fee $75 will be charged. additional $25/day thereafter for until rent and late charges are paid in fu...

As I understand AR state law, there's a 5-day grace period for rent payments but beyond that I can set due dates and late fees as I like. What's new for me is the idea that landlords can choose to assess a one-time la...

What do you charge for a typical late fee? Anybody familiar with Missouri laws on the subject?

Who should receive the payment for a tenant late fee, the landlord or the property management?For example: Suzy's rent is due by the 5th of the month, however her property managers do not receive her payment until the...

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 spelle...

Laws on Texas late fees or average to charge?

I have a rental property in Mississippi an I charge $50 dollars late fee with an additional $10 dollars late fee every day after the 5th of each month. My question is what is a good price to charge for late fee an wha...

Hi AllIf your rent is due by 3pm on the first with a daily late fee of say $10, how exactly is this calculated?Would $10 be due on the 1st after 3pm, $20 on the second or $10 on the 2nd assuming 24 hours?

I am currently charging a Late fee of $35 on my Tenants, but they seem to always be late. I am thinking of going up to $50 to help motivate them to be on time. What is the legal maximum rate for a late fee in the Stat...