Allowed late fee charges (by Astrid Rozo [FL]) Jan 26, 2014 3:54 PM
Allowed late fee charges (by CarolJ [CA]) Jan 26, 2014 4:18 PM
Allowed late fee charges (by SHAUN [FL]) Jan 27, 2014 9:26 AM
Allowed late fee charges (by BRAD 20,000 [IN]) Jan 27, 2014 8:33 PM
Allowed late fee charges (by WMH [NC]) Jan 28, 2014 3:13 AM
Allowed late fee charges (by Astrid Rozo [FL]) Posted on: Jan 26, 2014 3:54 PM Message:
State Specific Question About: FLORIDA (FL)
Based on the state of Florida laws, what is the maximum late fee charges? --50.162.xxx.xxx |
Allowed late fee charges (by CarolJ [CA]) Posted on: Jan 26, 2014 4:18 PM Message:
evict.com/?page=legnew1301#late1
--71.177.xx.xx |
Allowed late fee charges (by SHAUN [FL]) Posted on: Jan 27, 2014 9:26 AM Message:
Nothing specific is in the FL LL/Tenant law per say. However, a very high late fee may get thrown out by a judge and put in a bad light with the judge. My attorney advised me to keep it around 5-10% of the rent for this area/judges. I have my leases set up as a flat $50.00. I didn't want to keep up with a different amount for each unit if it was based on 10% of the rent. MOst of the late fee around campus is 75.00. --205.223.xxx.xx |
Allowed late fee charges (by BRAD 20,000 [IN]) Posted on: Jan 27, 2014 8:33 PM Message:
Astrid,
We found that a daily fee helps encourage people to pay. Ours is $5 per day starting the 2nd.
Back when we had a flat fee, once the fee hit, they had no reason to pay. --67.175.xx.xxx |
Allowed late fee charges (by WMH [NC]) Posted on: Jan 28, 2014 3:13 AM Message:
We are allowed 5%, charged only once per occurrence, and not until five days late. That's the law.
My LEASE reads "Rent is due on or before the 1st; there is no grace period." in the section about paying rent.
In a later section, the late fee is addressed according to the law. But that simple phrase about no grace periods has dramatically changed the way most tenants pay rent.
Now 90% pay by the first, and 100% before the 5th (I start hounding those few on the second.)
Back when I had a grace period, or when I emphasized the late fee - many people always paid late and many happily paid the late fee! --50.82.xxx.xxx |
Reply:
|
|