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You could tell them that, or you could just be quiet about it
That’s not how you run a business
This is really a question best answered by an _attorney_ in your local area who has read your contract. However, generally speaking, you do not charge a late fee if renter pays within the grace period. That’s what grace means - unwarranted favor.
Mentor
This is very annoying. I’m also in a “grace period” state. It’s annoying because while our tenants have an extra 5 days our montages are due on the 1st. I keep a months rent in my operating checking account for each of my properties to mitigate the timing issue.
I don’t get it, are you implying I’m not responsible with my finances? LOL
Being a landlord is a business, just like being a leader. When someone is not performing or keeping their end of their deal, feedback has to be provided. The question here is what is appropriate terminology to use when reminding them (is “late” appropriate given the grace period by state) and when do people do it, midway through the grace period, or after?
Mentor
So annoying. Is the grace period for the state a "default" grace period in that if the lease is silent to late period it's the default or is it a mandatory minimum length for the period?
I can’t charge the late fee (or terminate lease) during the grace period, but I can after the grace period.
As long as they pay every month I wouldn't worry about it. I've had tenants that paid twenty days late but I got the money every month. If they stop paying and you have to sue them for back rent you can go after all the late fees.
Mentor
Fyi if you don't charge late fees / regularly waive them they could argue you waived that term of the contract. Best practice would be sending them a small lender saying you're waiting late fees for x month but that doesn't constitute any waiver of the term.