Most Landlords have a hard time figuring out late fees. However, the Texas Property Code has everyone covered. Section 92.019 explains the limits that a Landlord can charge where late fees are concerned.
It is important for a Landlord to know what’s proper in terms of late fees. Illegally collecting excessive late fees can come with a heavy penalty. Watch this 1-minute video to help you understand how to properly handle late fees.
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