Payment Of Monthly Rent

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Payment Of Monthly Rent

Some landlords chose to add a term into the lease agreement stating that if not rent is received more then 5 days after date due they are owed an additional % (usually 3%-5%) as a late payment penalty for their houses for rent. Landlords should have it clearly outlined in the lease agreement when rent is due and what happens if it is not paid by a certain date.

   

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Heidi Splete