Question from Dan:
When a renter owes thousands of dollars in back rent and they start paying their minimum monthly rent again, after we invoice them for the back rent that is still owed, can we legally charge them interest on the balance if they only give us a partial payment?
Answer By William Bronchick:
You can only charge what is stated in the lease agreement.
Disclaimer: The foregoing is not intended to be given as legal, financial or tax advice, but intended for instructional use only. If you require legal, financial or tax advice you should seek the assistance of a qualified professional.
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