And in regards to the late fee provision? Does $10/day seem to fall under a "reasonable" cost that would be legally valid?
I want to make sure so I know if I need to reword the lease agreement before a new tenant moves in.
Within the lease, the late fee provision is clearly written stating that a fee of $10/day will commence on the 6th until payment is received. The monthly rental payment is $1500. Would this late fee be considered to fall under the qualifications of being within reason? I actually just received...
My jurisdiction is: San Bernardino County, California
Here is my situation- apologies in advance for its length. I would really appreciate some legal advice. I am a first time landlord on a 2 story, 3 bedroom/2.5 bathroom condo, approximately 1400 square feet located in Redlands, CA. Our...