Setting up Late Fees
How to Set up Late Fees
From the Tree View:
- Expand Resident
- Select Residents from the Drop-down list
- Search for the Resident by Entering in the Street Name or the Last Name of the Resident
- Then click SEARCH
- Select the Resident Detail Link from the list that generates
- Enter, Change or Update Rental Rate, Rent Due Date, Grace Period (based on the signed lease or any amendments made to the lease).
- The Base Late Fee, is the initial amount charged for being late (either a flat fee or it can be a percentage calculated off the Rent amount), while the Daily Late Fee is the amount charged on a daily bases accruing until the rent is paid (this is above and beyond the Base Late Fee).
- Then, click SAVE