Finance - TenantGuide

What Happens If I’m Late on My Rent Payment? Understanding Consequences and Options

Tenant Guide, Finance, Law / Ryan Nelson

Paying rent late can lead to several consequences for tenants. Many landlords offer a grace period, typically 3-5 days after the due date, before charging late fees. These fees vary by state and lease agreement, often ranging from $25 to a percentage of the monthly rent. Consistently late rent payments can trigger the eviction process, […]

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How Do Security Deposits Work for Apartments? A Complete Guide to Lease Protection Fees

Moving into a new apartment requires more than just the first month’s rent. Most landlords want tenants to pay a security deposit before they move in. A security deposit is money paid upfront to cover potential property damage or unpaid rent, and it typically equals one or two months’ rent. The landlord holds this money