Why do I have a late fee?

Late fees are assessed to all payments that are not received by the end of the grace period. Rents are due on the 1st of each month and tenants are responsible for taking the needed steps to ensure that we receive their payments on time. This includes taking into consideration your bank's processing times for electronic payments, and delivery schedules for payments that are mailed in. Payments that are scheduled or post marked on the 1st are considered late if they are not received prior to the end of the grace period.