Overdue Rent: Interest Rates and Regulations in Wales
Can I legally include a clause in the occupation contract that the tenant will be liable for a charge of 5% per day interest on overdue rent in the case of late payment?
Note: LandlordAid, our AI assistant, answered this question. We have left the response close to the original, except for grammar and minor formatting changes. You can find more details here.
Subscribers get full access to exclusive content, including forms, articles and discounts, plus our time saving Tenancy Builder tool.
Signup for our free weekly digest and get the latest news and guidance straight to your inbox (some content requires a paid subscription).