Washington Delay Rental Payment Agreement Directing Payment to An Agent

State:
Multi-State
Control #:
US-OG-625
Format:
Word; 
Rich Text
Instant download

Description

This agreement provides for owners to designate an agent to receive rentals provided for in a lease. This form may be used by related parties who wish to designate one agent to handle all rental payments and make regular disbursements.

How to fill out Delay Rental Payment Agreement Directing Payment To An Agent?

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FAQ

If rent is more than five days past due, the landlord may charge late fees commencing from the first day after the due date until paid. Nothing in this subsection prohibits a landlord from serving a notice to pay or vacate at any time after the rent becomes due.

Creditors legally can't charge excessive late fees, which means they must be reasonable, although what constitutes a "reasonable" fee is open to debate. In most cases, late fees typically range between $25 and $50. Some creditors may provide a grace period before they impose the late fee.

Under the law, your landlord cannot charge you a late fee until your rent goes unpaid for more than 5 days after the due date. Example 1: Your rent is due on the 1st of the month. You pay the rent by the 6th of the month. Your landlord cannot charge you late fees.

Landlords are generally prohibited from locking a tenant out of the premises, from taking a tenant's property for nonpayment of rent (except for abandoned property under certain conditions), or from intentionally terminating a tenant's utility service. Various penalties exist for violating these protections.

Late Fees: Landlords may charge a reasonable late fee of less than $20 or 20% of the rent, whichever is greater (RCW § 19.150.

Washington. In Washington, there is no maximum late fee specified by law. Businesses in Washington are not required to provide a grace period before applying late fees, but many choose to offer seven days as a goodwill gesture.

The Seattle City Council has put a $10 cap on fees for late payment of rent. This is on the heels of the cities of Auburn and Burien who have recently passed a similar restriction on fining late paying renters. The typical late fee for non-payment of rent is between 5% and 20%.

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Washington Delay Rental Payment Agreement Directing Payment to An Agent