Your Questions About Compensation Letter Example

Thomas asks…Can an apartment owner charge an excessive fee for late rent?I know that there is no law on late fees, but it does state that late fee for rent MUST BE REASONABLE - and that the owner must be able to show that he or she derived the late fee through a resonable endeavor to estimate fair compensation for the owner's time and expense. I UNDERSTAND that the owner has HIS MORTGAGE obligations (OH AND FOR THOSE OF YOU THAT ARE GOING TO MEAN ABOUT IT - I DO PAY MY RENT ON TIME! IM ASKING

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