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.