Customize and Edit Late Fee Settings
In addition to being able to change your default Late Fee settings, you are able to customize the late fee settings on a per-tenant basis.
How to Customize Late Fee Settings for a Tenant
Quickly customize Late Fee settings for an individual tenant using the steps below.
In your Rentec Direct account:
- Click on Tenants
- Right-click on a tenant and choose Edit Tenant
- Under Accounting Defaults, click on the paper/pencil icon next to Late Fees Enabled
- Make necessary changes and click on Save Changes
Important Note: Changing the Late Fee settings for a tenant does not affect historical late fees already posted. The daily late fee will apply if there is any outstanding balance (this includes rent and any other previous or current month's charges). However, the daily late fee will not populate if the only balance remaining is the current month's late fee. This charge will post daily until the tenant's balance is positive.
Click this link to learn more about late fee tracking, notifications, and system defaults Late Fees