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In this video, Mary Nessie from IMT Realty discusses the importance of implementing late notices and fees for tenants in Connecticut. She emphasizes that landlords can charge a late fee after 10 days past the rent due date, which encourages tenants to pay on time. Allowing tenants to delay payments can lead to consistent late submissions. Nessie recommends standardizing lease start dates to the 1st of the month for simplicity, as it aligns all rent due dates. She advises that landlords should clearly state the late fee in the lease agreement and notes that they don't have to wait until the 10th day to send late notices.