Monday, October 9, 2017

Late Fees

New Bill - Act 179 Effective November 1, 2017

Effective November 1, 2017, all new rental agreements or renewals will have to be sure to have late fees of no more than 8%. 

In the past, many companies may have used 10% or even a flat amount as a late fee. 

So if you are managing your own unit, or if you are a professional and have not been paying attention to the new bills that are coming out - please be aware that this is new and taking into effect as of November 1st of this year (2017). 

Amanda Frazier, R, RMP (RB-21435)
Cornerstone Properties

Property Manager and Chief Operating Officer 

No comments:

Post a Comment