Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 12-31-2012, 09:45 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 8,945
Forget about late fees, just kill your tenants: BBC News - Maine shootings: Tenants killed in snow-shovelling row

LOL! is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-01-2013, 09:42 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 17,871
Originally Posted by Amethyst View Post
I would be a little concerned that the residents might get a sympathy vote from a judge, if they plead that "all along, he let us do X, and now all of a sudden he's turned mean and trying to make us do Y."

I live in MD, an extremely tenant-friendly state, and there is definitely a sense that if you have been letting the tenants pay late/pay a little here and there/etc., for quite a while, then you have created a climate of expectation that such liberality will continue. (Sort of like letting those darn kids tromp across your lawn for years, then suddenly accusing them of tresspassing). Granted, the OP seems to be talking about mortgagors, not tenants.

Anyway, just a cautionary thought. I detect the sound of oncoming lawyers, either way.

I don't think there is much risk if the loan documents provide for late fees. Many legal documents include a clause indicating that waiver of a right does not set precedent for future instances, so if the loan has a similar provision then the OP's past decisions to waive late fees provided for in the loan document should not affect his ability to demand them prospectively.

If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is online now   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 11:18 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.