Tenant owes money What are my rights as Landlord?
I have a tenant that owes part of November rent along with December and January Rent with late fees occuring every day. The lease was from 1/4/04 to 12/31/04 and after that goes month by month. The rental agreement that the tenants signed says a late fee of $10 per day after the 5th of the month. This means $30 a day for all three months. I know I should not have let it go this long, but they have taken advantage of my good nature for the last time. They have claimed the late fees are illegal and that they do not have the money. I need to get paying tenants in my property and quickly. What can I do? I do not want to have them their another month.
Thanks in Advance