CAN YOU CHARGE? MAYBE.

 

1.   MANY TENANTS LEAVE AT THE END OF A LEASE OR EXTENSION WITH ZERO NOTICE.

 

2.   MANY LEASES REQUIRE NOTICE AND STATE A PENALTY/FEE.

 

3.  MANY LEASES HAVE A PENALTY/FEE THE TENANT MUST PAY IF THEY DO NOT GIVE THE REQUIRED NOTICE.

 

4.   THE TENANT CAN ONLY BE CHARGED THIS PENALTY/FEE IF:

 

1.  THE LEASE STATES THE NOTICE REQUIREMENT AND THE PENALTY/FEE.

 

2. THE TENANT WAS TOLD IN WRITING IN THE 15 DAY WINDOW BEFORE THE REQUIRED NOTICE PERIOD THAT THEY MUST GIVE NOTICE AND THEY ARE TOLD OF THE PENALTY/FEE.

 

RARELY DOES THE PROPERTY MANAGER FOLLOW THIS LAW SO RARELY IS THE PROPERTY MANAGER ALLOWED TO CHARGE THE FAILURE TO GIVE NOTICE PENALTY/FEE.

 

IT IS THE PROPERTY MANAGER’S JOB TO FOLLOW THE LAW IF THE PROPERTY MANAGER WISHES TO LEGALLY CHARGE A FAILURE TO GIVE NOTICE PENALTY/FEE.  

“Serving the Property Management Professional”

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