Property Management Blog

Late Fees

Web Admin - Monday, October 09, 2017

Blog Image 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).

Posted By:
Amanda Frazier
Cornerstone Properties
Property Manager and Chief Operating Officer