Buildium can calculate monthly late fees for your residents by lease.
Before setting up any lease specific late fee policies, you'll need to set up your global policy first.
To set up a late fee policy for a specific lease:
- Navigate to Rentals > Rent Roll.
- Click on the lease you want to set the late fee for.
- From the lease summary page, select Financials.
- Click Payment settings, then Override late fee policy.
- Fill out the form, then click Save.