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What does "Late fee is applied if payments have not been received within 5 days of their due date."?
Just trying to clarify my rental agreement to see when the late fee will apply. So if my rent is due on the 1st and I don't pay by the 5th I will receive a late fee?
5 Answers
- Genuine GuidanceLv 79 years ago
Yes
Most landlords will give a grace period of 5 days. So, if you do not have your rent in by the 5th of a month, you will have to pay the late fee.
- ?Lv 69 years ago
It means a late fee is applied if you don't make your payment within 5 days of the due date.
- Anonymous9 years ago
Why on earth would you let it get that close? Here are the order of priorities in your life. Housing (rent), food and utilities. That means you pay the rent on time without jeopardy period.
- ?Lv 79 years ago
Most landlords won't charge until the 6th, but why chance it? Pay your rent on time. You have to have a roof over your head. It is Priority One....
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- TriciaLv 79 years ago
WITHI 5 DAYS.. I WOULD SAY GET IT PAID BEFORE THE 5th
Source(s): life experiences
