Tack trace in the Late Rent Notice effortlessly

Aug 6th, 2022
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How to Tack trace in the Late Rent Notice

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good morning this is Mary Nessie with IMT Realty today I wanted to talk to you about late notices to tenants here in Connecticut you can charge a late fee after 10 days from the due date late sending late notices and charging late fees I think is an important process in managing your properties it gets the tenants in the habit of paying on time if you let them slide they will continually push the date and lists in my opinion what we found theyll push the date further and further on when they send their rent in so in our leases we usually have all the Rings due on the 1st of the month some landlords have them to come due on the 15th of the month or another date sometimes that coincides with the day the month of their lease commenced on I find it easier just to have all of our leases start on the 1st of the month with the due dates so by the 10th of the month legally you can charge a late fee whatever the late fee is stated in your lease you do not have to wait until the 10th of the mo

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California law allows landlords to charge a late fee. But, the late fee must be reasonable based upon the inconvenience the landlord suffers because of the late payment.
The most your landlord can charge as a late fee is 5% of your monthly rent. For example, if your monthly rent is $1,000, the landlord can charge you up to $50 as a late fee.
A late rent notice should generally include the following details: The rental property address. The name of your tenant. The issue date of the notice. The date the rent is due as stipulated in the lease. The current balance due. Any penalties such as late fees that are or will be owed should the tenant continue to not pay.

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