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Mary Nessie from IMT Realty discusses the importance of sending late notices and charging late fees to tenants in Connecticut. She emphasizes that these practices encourage tenants to pay on time, as delaying payment can become a habit. In their leases, IMT Realty standardizes rent due dates to the 1st of the month, which simplifies the process. Landlords can legally charge a late fee 10 days after the due date, as specified in the lease agreement. Nessie advises against allowing tenants to slide on their payments, as it only leads to further delays in rent submission.
