Friday, March 21, 2014
Rent is Late? Discourage Late Payments by Charging Late Fees
Discourage Late Payments
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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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.
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