Customize and Edit Late Fee Settings for an Individual Tenant

In addition to your default overdue fee settings, you can easily tailor these settings for each tenant. This is especially helpful if Accounting Defaults were not configured before adding a tenant, or if you need to apply a specific grace period or late fee structure.

How to Customize Overdue Fee Settings

1. Click on Tenants
2. Right-click on the tenant you'd like to update and select Edit Tenant
3. Under Accounting Defaults
   1. Enter a Grace Period (Number of days before Late Fees begin)
   2. Click on the edit (paper/pencil) icon next to Overdues
4. Set Overdue (Late Fees) that apply, and click on Save Changes

Important Notes

• Updates to overdue fee settings apply moving forward only and will not change any overdue fees that have already been posted.
• Daily overdue fees will continue to apply as long as there is an outstanding balance, including rent or other charges from any month.
• If the only remaining balance is the current month’s overdue fee, additional daily overdue charges will not be added.
• Daily overdue fees will continue to post until the tenant’s balance is brought current (a positive balance).