Can I charge a penalty for late rent payments?

Yes. All rents are due on the first of each month. What we see most is a flat fee, usually $25, if rent is not paid by the fifth of the month. Our experience with daily rate penalties is that it leaves room for argument if the penalty is assessed from the second or the sixth.

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1. If I currently have someone in my rental unit who is in need of financial help, can they get on the EPHA program for immediate assistance?
2. Can I use my own lease agreement?
3. How do I make my unit available to voucher holders?
4. Can you answer questions about the potential family to assist with the screening process?
5. How much rent can I charge?
6. Will you inspect my unit before I find an EPHA-qualified family to rent it?
7. Does the EPHA pay for any tenant damages?
8. What else should I consider before leasing to an EPHA client?
9. Can I charge the tenant extra above the amount stated on the lease agreement?
10. Can I charge a penalty for late rent payments?
11. If I do have problems with the tenant, does the EPHA take care of the problem for me?