Hey guys. On a lot of resources I listen to/read they talk about late fees for rent arrears. I was wondering, is this was legal in NZ (residential and/or commercial)? If so, whats involved with establishing them. Thanks.
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Originally posted by PC View PostWhat about early payment discount?
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Originally posted by Keys View PostNot legal for residential.
(I'm asking out of curiosity)www.PropertyMinder.co.nz
# Property Management
# Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices
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Allowed in the UK, too. Late fees, and interest on overdue rent!
I so wish I could charge interest on overdue rent here. Currently collecting $2,500 in arrears at $30 per week, meanwhile I'm borrowing that money from ANZ. Why can't I pass on my costs? Not fair.AAT Accounting Services - Property Specialist - [email protected]
Fixed price fees and quick knowledgeable service for property investors & traders!
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