Here are tips that can inspire your landlord to forgive the late rent, and perhaps even waive the fee.
- #1: Be Accessible. As soon as you realize that you can’t pay rent on-time, inform your landlord immediately.
- #2: Tell Your Landlord as Far in Advance as Possible.
- #3: Make a Good-Faith Effort.
- #4: Don’t Make Excuses.
Can a landlord waive late fees?
It is not uncommon to hear from the tenant asking the landlord to waive late fees. Many tenants, who have incurred a late fee, will just pay the amount of the rent only and act like the late fee does not exist. This starts a process where the balance due on their account is never paid in full.
How can I get a late fee waived?
If you accidentally miss a credit card payment, call or write to the bank to request they waive the late fee. They’ll typically reverse a fee if you’re only 1 or 2 days late and it’s your first missed payment. To avoid late payments, I recommend using automatic payments or establishing account alerts.
What is a normal late fee for rent?
Normally, a late fee should not apply until at least three days after the rent due date. The fee should be within a certain percentage of your rent. Your landlord is always on shaky ground if the late charge exceeds 5% of the rent. That’s $38 on a $750-per-month rental.
What is a good reason to be late on rent?
A legitimate reason for a late rent payment, such as recent illness or injury, may help your situation if you talk with the landlord, but poor excuses such as holidays, spending too much money, or having other bills to pay are not likely to create any sympathy.