Apartment Management

and Leasing

Late Rent Payment Policy

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Rent is always due on the first day of each calendar month. While leases may differ, most leases allow for a three day grace period before a late fee will be incurred and / or collection action taken by the landlord. It is not acceptable to be late. Please be aware that landlords have mortgage payments that are due on the first day of each month. If the landlord fails to pay on time, he or she will be subjected to substantial late fees and a downgrading of their credit rating. In addition, landlords must pay utility bills on time or be subjected to late fees or termination of services. If the landlord does not receive the rent as agreed to in the lease, it creates a significant problem for the landlord which will turn into a problem for the tenant. In spite of any financial hardship, you must make paying your rent a priority in order to keep a roof over your head.



Property Management and Leasing Services

 (818) 991-1500