Can I charge tenants a late fee if they don't pay rent by the agreed date?
- Generally no late fees can be applied.
- However sometimes an 'incentive clause' may be included in the tenancy agreement.
- Incentive clauses offer a discount for early payment of rent.
- An incentive clause does not penalise (fine) late payment but rather encourages prompt payment of rent.
- If you have a dispute over the non-payment of rent our LegalPlan™ membership will allow you to ask lawyers to handle your matter for a Fixed Fee Quote.
Read some more FAQS from our Residential Landlord & Tenancy section