As per your lease agreement rent is due on the 1st of every month. We provide a grace period to the 3rd but if rent is not received by before midnight on the 3rd you will incur late fees. Thus, you are charged 5% of your rental rate starting on the 4th of the month and 2% every day after until rent is paid in full. We do not accept partial payments so all rent, late fees and outstanding balances will have to be paid at the same time. If you still have not paid your rent by the 11th of the month we will file an eviction and notice to terminate your tenancy. If you pay in full prior to the court date we can drop the eviction charge. However, we only allow one time eviction dismissal. If we have to file again at any point during your occupancy for late or non-payment of rent we will not accept it and will not dismiss the eviction hearing.
What happens if I pay my rent late?
About the Author: Brent
Brent Bockholt is the Co-Owner of Austin Property Team (APT) and is in charge of the overall operations and business development. He is an active member of the Austin Board of Realtor (ABOR), the National Association of Residential Property Managers (NARPM) and a licensed Realtor ®