There are times when a tenant may miss the payment deadline. In most cases, a landlord will have a set number of days for what’s known as a “grace period” to give the tenant time to submit their payment. If that payment isn’t received by the end of the grace period, a
Late Fee may be charged for an other pre-agreed-upon number of days. Finally, if a tenant fails to pay their rent for a significant time, may be subject to
eviction.