In this video, we go over the complete guide to late rent fees for landlords. Make sure to check out DoorLoop today: https://bit.ly/freedemoguidetolat...

One of the worst things that landlords have to deal with is an irresponsible tenant. Although tenants agree to a set of terms in the lease agreement, they do not always comply with them throughout their lease.

A very common thing that landlords must deal with is a tenant who does not pay rent on time. Paying rent is the most essential part of renting out a unit because it is what allows a tenant to remain on the property. When rent isn't paid on time, or at all, the landlord or property manager must find a way to deal with it. And the way that most choose to deal with it is by charging late rent fees. These late fees are governed by local landlordtenant laws but are mostly governed solely by the landlord.

In this video, go over what late rent fees are, how to calculate them, and other helpful information. Learn more by watching this video or reading our blog for more information: https://bit.ly/guidetolaterentblog


0:00 Welcome!
0:45 What are late rent fees?
1:28 Should landlords charge late rent fees
2:01 A grace period
2:38 How much to charge as a late rent fee
3:01 Percentage fee method
3:35 Flat fee method
4:11 Daily method
5:00 How to enforce late fees
5:29 Including the late fee policy in the lease
6:00 Providing reminders
6:30 Conclusion

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Disclaimer: This video was produced by DoorLoop and is the intellectual property of DoorLoop. The creator featured in this video is an employee of DoorLoop. All information presented in this video is subject to change and may have changed since the time of filming. These videos are for educational and entertainment purposes and are not offering legal advice. Opinions expressed in our videos do not reflect DoorLoop's stance as a company.

Category: Property Management