Many of the landlords we talk to are not always sure about what to do when rent is late. Today, we have some Las Vegas landlord advice, and we’re also talking to tenants so they understand what happens when rent is late.
Rent is Due on the First
Las Vegas landlords are not required to give their tenants a grace period when it comes to rent collection. To clear up any confusion for tenants: your rent is due on the first of every month. It is considered late any day thereafter. There is no grace period in the state of Nevada. What that means is, if you haven’t paid your rent on the first of the month, your landlord has the legal right to serve you with a Five Day Notice to Pay or Quit as early as the second of the month.
Assessing Late Fees
At Blackbird Realty, if you are a tenant of ours and you pay your rent by the third of the month, we will forgo charging you any late fees. That’s just a courtesy that we provide to our tenants. But, if you have not paid the rent after the third of the month, late charges will apply, and the cost of any eviction service will be added to the amount that you owe. So, on the fourth day of the month if I don’t have your rent, we will add a $105 late fee to your account, and that balance will be due immediately. Additionally, you won’t have the opportunity to pay the rent online. Instead, you will have to bring the payment to our office and give it to us directly.
Hopefully, this clears up any questions for landlords and tenants about rent collection. If you have additional questions about rent collection or anything pertaining to Las Vegas property management, contact us at Blackbird Realty.