Property Management, Tenant Selection, Real Estate News & Tips

Improved Late Fee Defaults

By on February 17, 2013 in Product Updates with 1 Comment

You now have additional options available for setting default late fees.  All of the following late fee values now have defaults, which you can set at Settings, Accounting Defaults.

  • Monthly late fee – this can be a dollar value, or a percentage.
  • Daily late fee – this can be any dollar amount
  • Monthly maximum late fee – this is set to a dollar amount and the system will not charge more monthly + daily late fees than this set value.

All new tenants added into the system will automatically have these defaults applied.

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  1. Chuck says:

    Thanks for the improvement!

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