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Archive of: Late Fees

LATE FEES - PART 2: ATCP 134 REQUIREMENTS

Posted by Tristan R. Pettit, Esq. in ATCP 134, Late Fees / Comments

Late fees are a necessary evil for landlords aw we often need some type of "hammer" to hold over the heads of tenants who pay rent late. With this post I want to provide you with some additional information on the requirements that must be met with regard to late fees as specified in ATCP 134 of the Wisconsin Administrative Code.A Bit of History:In the past - prior to ATCP ...

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LATE FEES - PART 1: WHAT AMOUNT CAN YOU CHARGE?

Posted by Tristan R. Pettit, Esq. in Caselaw, ATCP 134, Late Fees / Comments

Many of my clients ask me what amount they should charge a tenant who is late in paying rent. Many also wonder if there is a maximum amount beyond which they would not be allowed to charge as a late fee.The only legal guidance we have as to what amount is acceptable as a late fee is the case of Three & One Co. v. Geilfuss, 178 Wis.2d 400, 504 N.W. ...

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