Add eSign Late Rent Notice with airSlate SignNow

Esign late rent notice

good morning this is Mary Nessie with IMT Realty today I wanted to talk to you about late notices to tenants here in Connecticut you can charge a late fee after 10 days from the due date late sending late notices and charging late fees I think is an important process in managing your properties it gets the tenants in the habit of paying on time if you let them slide they will continually push the date and lists in my opinion what we found they'll push the date further and further on when they send their rent in so in our leases we usually have all the Rings due on the 1st of the month some landlords have them to come due on the 15th of the month or another date sometimes that coincides with the day the month of their lease commenced on I find it easier just to have all of our leases start on the 1st of the month with the due dates so by the 10th of the month legally you can charge a late fee whatever the late fee is stated in your lease you do not have to wait until the 10th of the month to send a late notices so in our case if rent is due on the 1st of the month we would choose to send a late notice possibly around the 5th of the month and it would outline 3 things basically your your letter should include the address and location of the rental property the amount of money that the tenant owes the late fee that would be applied after the 10 day period expired and you can use these letters for different reasons you can lose the letters to let the tenants know that they are late and the late fee is going to be due the second thing you can use you're forced to reinforce the importance of making timely payments and you can use the letter to let them know that you Lou you may exercise your option to evict if they don't pay by a certain time during the month if in Connecticut after the 10th of them the 10th day after the day do you can start the eviction process so that's really the whole late letter process I think it's important for landlords to send though it definitely sets the tone for the tenants because I think if you give an inch they're going to take a yard so if they know what the parameters are and what their expectation is and that it is being reinforced our experience has been that the tenants definitely Japan more timely manner so that's it if you liked this video feel free to share the link below or follow us on YouTube thanks bye you