Hi all,
I am new to this board. Glad to be here.
The landlord (an individual not a management company) has recently instituted the following...
Rent is due on the first (nothing unusual there, with a grace period up until the fifth of the month (ok).
BUT if the rent is not received within the time-frame, a $25 late payment fee will be assessed for every day the rent is late.
Is this even legal? Any ideas?