Suggest Amount of Fee for late rent payment : ezLandlordForms

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Suggest Amount of Fee for late rent payment

Vicente V

started a topic about 13 years ago

Any suggestions for house in Dallas County?

5 Comments

Sunita D

said about 13 years ago

I looked up old leases and basically put the same late charge ($50) as I saw in them.

Brooks &

said about 13 years ago

usually 10% percent of the rent

Ken H

said about 13 years ago

I charge 75.00 on all my properties for late rent this is a good reason to be on time

Land L

said about 13 years ago

I give 5 days grace period. Then I charge 50 bucks per each 5 days. 1-5 = grace. 6-10=50 bucks, 11-15= 50 bucks extra (total 100), 16 days eviction process. never had to get close to an eviction though. I also give my renters notices on day 5 that a late fee will be charges if they dont pay by next day so they are fully aware.

Doug F

said about 13 years ago

I do $50 or 10% whatever is more.