Friday, March 21, 2014

Rent is Late? Discourage Late Payments by Charging Late Fees

Discourage Late Payments
The LPA LEASE CLAUSE # 3, Late Fees

One of the most important elements of modern residential leases today is the Late Fee clause. In order to encourage timely rent and discourage late payments, I highly recommend you have a solid late charge clause. Having the clause in your lease is only part of protecting yourself against late rent.

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1 comment:

  1. Rent has always been a problem with tenants. For dealing with this I found a great solution. There are companies who collect rent for you from tenants and charge them a nominal amount of money for that.