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anyone heard of this>? our rather horrible managing agent charged a late fee on an unpaid late fee - it seems wrong. In addition, the now term this "maintenence" on the bill and are not using the term late fee as they did before. something is not right.
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Typically, the lease and even the by-laws stipulate the "fee" for failure to make payment in a timely manner.
We have felt, at times, we wish to increase the fee for each month "late", e.g.: $25, first month, $50 second month, etc., but our corporate counsel has indicated that we are thwarted by the wording of our proprietary lease.
By the way, our monthly arrears total rarely, if ever, exceeds 1.5% of our projected monthly income.
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Board Talk members who registered prior to March 9th, 2016 will need to reset their password.