Late Fee Charges : ezLandlordForms

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Greg M

started a topic almost 16 years ago

What is a reasonable amount to charge for late fees? I am charging 600. a month for rent in Oklahoma.

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Donna

said over 15 years ago

Barbara: If it is in the agreement or lease that the tenant is responsible for the utilites, then they areing responsible for paying them. I would send a notice that they have the $300 still due.

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Barbara E

said over 15 years ago

utilities were not put in the tenants name therefore I was still paying utilities. the tenant finally put in their name but they still owe me 300.00 for payment of utilities.

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Jeff C

said over 15 years ago

I am charging $50 in Kansas on a $1600/month unit

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Barbara E

said over 15 years ago

do i have to give a 5 day notice of paying in full including late fees or can i just tell them this is their 30 day eviction notice and send them a copy?

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Barbara E

said over 15 years ago

what is acceptable late fee to charge in missour? i usually charge 5.00 per day, doesnt mean i get it. ha do you stop that charge after so many days or continue it till rent is paid?

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Denise S

said over 15 years ago

As long as it falls within the lease. Usually you cannot increase rent on a tenant during the term. but you can however usually notify your tenant ahead of time (the amount of time varies according to the location of the rental property and the length of the tenancy) in order to give tenant time to accept the new rent or move.

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Benton B

said over 15 years ago

Is it ok to raise someones rent due to upkeep on property?

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Denise S

said almost 16 years ago

In Oklahoma late fees should be directly related to the costs incurred of the rent being late. It seems that in my experience 5-10% is usually pretty customary.