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What to Do (and What Not to) When a Tenants Rent Is Late Check Your Lease Documents and Payment Records. As silly as it may sound, double-check your records to make sure the tenant is truly late with their rent. Send a Late Rent Notice. Make a Phone Call. Send a Pay or Quit Notice. Take Legal Action.
The agreement must specify when the late fee will be imposed. In no case may the late fee exceed eight percent of the overdue rent payment. Any late fee charged or collected is not considered to be either interest or liquidated damages.
If there is no city inspector for the community, write the landlord and request repairs within 14 days. If management fails to make such repairs, the tenant may file a rent escrow action.
In Minnesota, there is no grace period; therefore, a landlord may charge a late fee as soon as rent is late.
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