What is your late fee? - Page 2

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What is your late fee?

This is a discussion on What is your late fee? within the Horse Boarding forums, part of the Barns, Boarding, and Farms category
  • Late payment fee horse farm
  • I did not pay my boarding fee and they sold me horse.

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    06-22-2012, 05:12 PM
Personaly, If I didnt board friends horses I would make is simple and easy to understand. 1st time its late, ill forgive but it better not be more then 5 days late. 2nd time you get a 30 day notice to leave. You have to realize people wont push you or take advantage of you when you set firm guidelines. But if you don't care or don't charge for 5 days late everytime. They will pay other stuff that don't have a grace period.
I have enough stuff to worry about and bad/ non paying boarders isnt one I want to worry about.
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    06-22-2012, 05:54 PM
With some boarders, it wouldn't matter how you arranged a date for them to pay, they are chronically late. It's lack of respect.
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    06-23-2012, 09:47 AM
Originally Posted by Saddlebag    
With some boarders, it wouldn't matter how you arranged a date for them to pay, they are chronically late. It's lack of respect.
I agree. There's just no fixing some people...
    06-23-2012, 03:24 PM
I used to board and never charged a late fee... the boarders would always take advantage of that. I plan to start boarding again near the August-September-October time of year again and I will set up a late fee system. All board and other expenses (ie. Emergency vet or farrier, if applicable) are due on the 1st of every month. They have 3 days to deliver it to me in person and 5 days for it to be delivered via US Mail (only if they are out of state or on vacation with a 2 week notice). If I do not receive it I charge a $20 late fee plus $3 every additional day until I receive payment.

In my boarding contract it states if they do not pay me and what they owe me matches or is over the horse's value, they have fifteen days to pay off everything or the horse's ownership then gets transferred to me and the boarding agreement is considered a bill of sale.
    07-18-2012, 10:17 AM
My contract says that board is due on the 1st, late on the 5th, and after 15 days late, I can put a lien on the horse or sell it. I have a $15 late fee.

I have a chronically late boarder that just gets later and later every month. What makes it bad, though, is the way he handles it - he doesn't communicate about it at all...won't answer phone calls or texts.

Take today for example - he has not paid this month's board. Technically, I could take possession of his horse. He won't answer my calls. I stay professional with him, but it just ticks me off that he pays very late, yet his horse still gets the same good care day in and day out.

I have decided to send him a certified letter about his chronic late paying, and implement and more stringent late fee - $15 late fee on the 5th, then $5 a day for each day after. Maybe he will take it more seriously after that.

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