How Late Fees Are Calculated…
All rents are on before the 1st of every month. Payments can be made through the 4th without any late fees.
- On the 5th or later add 5% late fee
- On the 10th or later add 10% late fee
Payments received by Landlord when there are arrearages, shall be credited first, to any outstanding balance, and then applied to the current amount due.