The Fine Art of Landlord Protection.
Landlord articles and tips to make being a residential landlord a little easier.
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.