How to set up late fee over the cummulated overdue amount to be charge monthly?

CarlosLonghi_1089

If you have a tenant that has not paid the last 3 months, does the late fee apply over each of the monthly rental amount or over the cummulated rental amount (Which is overdue) 
Thanks!!

saypyramid

CarlosLonghi_1089 Chill Guy Clicker said:

If you have a tenant that has not paid the last 3 months, does the late fee apply over each of the monthly rental amount or over the cummulated rental amount (Which is overdue) 
Thanks!!

Late fees typically apply to each month's overdue rent separately, not the total accumulated amount. Check your lease agreement for specifics.

hootpotato

CarlosLonghi_1089 bitlife said:

If you have a tenant that has not paid the last 3 months, does the late fee apply over each of the monthly rental amount or over the cummulated rental amount (Which is overdue) 
Thanks!!

It depends on the terms outlined in the lease agreement. Late fees are usually charged either per missed month or on the total overdue amount.