Is it legal to charge residents 25.00 a day everyday that a tenant is late paying their rent?!
2007-08-10 04:08:06 · 10 answers · asked by kristin_jobe2002 1 in Business & Finance ➔ Renting & Real Estate
The terms you agreed to including late fees are governed by two items, the lease you signed and the landlord tenant laws of your state you should check both to make sure they do not contradict each other.
Good luck
2007-08-10 04:18:48 · answer #1 · answered by newmexicorealestateforms 6 · 2⤊ 0⤋
LL can charge what the state/county/city allows by law. Check your laws and see if he is charging too much. I charge a one time 10% late fee after the 1 day. Rent is due on day one, not day two or three or ten!
What many tenants fail to see is LL have bills too. We are not rich like you think. I have bills up to my eyeballs just like you and need my money. I am sure the majority of LL are the same way.
Another way to look at this is if you work and your employer decided to pay you on the 1st, but then waited till the 5th, would you be happy? Would you be happy if your employer did not bother to tell you,"oh i am paying late so you will have to just deal with it". Much the same situation tenants put LL through.
2007-08-10 04:25:01 · answer #2 · answered by Midwest guy 4 · 0⤊ 1⤋
State law trumps the lease. Your Landlord cannot put a clause in their lease that is in violation of state law and expect it to hold up in court. In California a Landlord is allowed to charge what is "reasonably related to the costs that your landlord faces as a result of your rent payment being late".
Check your states Department of Consumer Affairs Website and see what Tenant/Landlord information they have there regarding late fees.
2007-08-10 04:27:31 · answer #3 · answered by jitterbugj 2 · 0⤊ 1⤋
Your hire might normally contain the approach of delivery/cost affiliation for the lease. you will possibly desire to stay with that approach. If the owner has constantly come with the aid of interior the previous to %. it up, and that's your affiliation, he/she will't purely substitute it swiftly. yet once you have constantly mailed previous cheques, then you definately won't be in a position to all quickly substitute the affiliation the two. you will possibly desire to examine with your state or provincial landlord/tenant authority, and your hire, to work out in spite of if it relatively is criminal to cost you a prior due fee. This sounds like a petty dispute...i desire to propose which you do what you may to maintain the relationship on sturdy words. You by no potential be conscious of once you'll want a favour with paying the lease a pair of days previous due, or a beneficial reference on your next landlord.
2016-11-11 22:55:55 · answer #4 · answered by ? 4 · 0⤊ 0⤋
I charge 5% of the rent if it is more than 5 days late. But, that's just a one time hit, not a daily hit. But, a landlord can charge it if that was what was in the lease you signed. If it wasn't in the lease, then he is SOL.
2007-08-10 04:19:45 · answer #5 · answered by sortaclarksville 5 · 0⤊ 1⤋
Goto your public library and check out a book called:LANDLORDS AND TENANTS RIGHTS
you also can purchase it at certain bookstores laws vary in different states the book you obtain will have them listed.
It lists specifically what is reasonable actually
YOU WILL FIND YOUR RIGHTS AND GUIDELINES TO FOLLOW
2007-08-10 04:28:56 · answer #6 · answered by yp_will_chicago_369 6 · 0⤊ 1⤋
yep, read your lease agreement. if there is nothing about late fees in there then you may be able to get out of paying. but thats a pretty important part of a lease so i doubt its not in there.
2007-08-10 04:13:14 · answer #7 · answered by rooster_nugget 6 · 0⤊ 1⤋
It should say in your lease what you have agreed to. If you didn't agree to it in advanced, I wouldn't pay it. But yes, it is probably legal, so long as you signed the lease.
2007-08-10 04:12:07 · answer #8 · answered by William 3 · 1⤊ 1⤋
If you signed a lease agreeing to that, then yes it's legal.
2007-08-10 04:25:55 · answer #9 · answered by Judy 7 · 1⤊ 1⤋
Either pay up or be evicted.
2007-08-10 05:42:31 · answer #10 · answered by VOLLEYBALLY 4 · 0⤊ 0⤋