Can a property manager charge a fee for late rent payments?

A property manager can charge a fee for late rent payments under certain conditions, making the first choice the correct answer. In Oregon, this fee must be explicitly stated within the rental agreement. This means that both the property manager and the tenant need to agree to this term before it becomes enforceable.

Including the late fee details in the rental agreement ensures transparency and informs tenants of any potential financial penalties for late payments, allowing them to make informed decisions. This practice aligns with legal requirements that seek to protect tenants by providing clear terms regarding financial obligations.

In contrast, the other options present inaccuracies or misunderstandings about the laws governing late fees. For instance, Oregon does allow late fees, which makes the claim that they are not allowed incorrect. Additionally, verbal agreements regarding fees are not legally binding in the same way a written agreement is, and thus would not suffice to charge a late fee. Finally, while a grace period may be a consideration in the context of late payments, late fees cannot solely depend on it, as they still need to be established and outlined in the rental agreement.