We bought a park at the end of December.
The Tenants got a new owner letter January 4th. Rent is Due the 1st and we have 18 no pays as of today.
The previous owners did have a loose $25 late fee but never enforced it and allowed tenants to pay their lot rent through out the month. Are we out of line to send out a 7 day notice to pay rent or vacate letters with $25 late fee and a certified letter fee? The new owner letter stated that we would be much more strict moving forward, but of course the does not give the tenants much notice. We are staying with the prior owners policy as far as when rent is due and late fee. What would you recommend? Should we send these formal letters out today 1/8/2018 or should we start enforcing Quit or Pay letters in February? Thanks!!