2006-12-10 02:21:26 · 6 answers · asked by ? 1 in Business & Finance ➔ Renting & Real Estate
are you talking about a $20 per day late fee? if that is the case then it would be illegal even if you have a signed lease
2006-12-10 02:24:12 · answer #1 · answered by goz1111 7 · 0⤊ 1⤋
I charge $35/per day - starting at 5:01 p.m. on the due date.....there is no grace period in my leases.....It's supposed to be an outrageous amount to keep your rent priority number one.
Each state governs how late fees can be charged.....just google your state and landlord/tenant laws.
2006-12-10 11:04:18 · answer #2 · answered by Paula M 5 · 0⤊ 1⤋
If it's in the lease, it probably is legal and correct. However, state law may regulate this, so check with a tenant rights group in your area, or search for your state law on the subject online.
2006-12-10 10:30:29 · answer #3 · answered by gfunk 2 · 1⤊ 0⤋
I am not sure if it is legal. Where I live there is no grace period at all and they charge 30.00 the first day and 5.00 each additional day if it is late. You will probably have to check your local laws on this.
2006-12-10 10:50:55 · answer #4 · answered by Urchin 6 · 0⤊ 0⤋
It's probably a late fee and yes it's legal, assuming it was disclosed in your contract. Don't be late with your rent! If your rent is more than 1 weeks pay you need to find a cheaper apartment.
2006-12-10 10:26:38 · answer #5 · answered by KC 4 · 1⤊ 0⤋
all depends on what state you are in, check the state laws.
2006-12-10 10:25:12 · answer #6 · answered by Acee 3 · 1⤊ 0⤋