I just realized my tenant has been paying late like couple days over the year and been charged $100 late fine. Although they have been charged this, it fine is kept by the agent. Any thoughts abt this?
Tenant pays late - gets charged $100 and agent keeps it
- Thread starter Melbournian
- Start date
More importantly
By what authority are you charging a late fee?
To the best of my knowledge it is illegal to charge a late fee of any kind.
Perhaps you could quote us the legislation that says you can do this, and how come your licensed property manager is doing this - if they are.
Kristine
By what authority are you charging a late fee?
To the best of my knowledge it is illegal to charge a late fee of any kind.
Perhaps you could quote us the legislation that says you can do this, and how come your licensed property manager is doing this - if they are.
Kristine
Could it be a direct debit dishonor? If so that would stay with the agent
We are permitted in our province to charge 1 % of the month rent.In our contract they agree to $50 charge if they are NSF on a payment.
You still need to act within the RTA.
OP didn't mention a dishonor fee..but late charges....
Since you are not permitted to charge these fees, and the tenant goes to the tribunal, who would the tribunal order to pay it back, the PM or the LL?
You still need to act within the RTA.
OP didn't mention a dishonor fee..but late charges....
Since you are not permitted to charge these fees, and the tenant goes to the tribunal, who would the tribunal order to pay it back, the PM or the LL?
Beats me - only found out that today. I don't even get the $100 - so how is that my fault.
They're the biggest inner city agent in the city . but yes i'm keen to know myself.
Perhaps Kristine missed that bit in your first post ...
You going to ask them ?
Perhaps it is a direct debit dishonour fee..I still don't understand why people complicate stuff with direct debit, I setup weekly / fortnightly transfers instead, the receiing party gets their mony, if I don't have enough money in the account, they dont get penalised, only I do.
is the agency MICM?
i won't name the agency in a public forum.
It's ur guess.
It's ur guess.
still a single dishonour fee for $100
haven't had the chance to ask actually
Will get around to it when i have the chance.
Is it commercial as we charge this "fee" under section 146 of the property law act in VIC
if it is resi I wouldn't even comment as I have no clue
if it is resi I wouldn't even comment as I have no clue
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