Wisconsin
Our lease reads:
"Delinquent Rent: If rent is received after the 1st day of the month, tenant shall pay a late fee of $25. If rent is received after the third day of the month, the tenant shall pay a late fee of $25 plus a late charge of $10 per day until rent is paid in full."
We paid our rent on 2/8 and our landlord is trying to tell us this indicates we owe a late fee of $250. This does not appear to match with what the lease (above) states. By our math based on that wording we would owe $95.
Who is correct based on that wording?
Our lease reads:
"Delinquent Rent: If rent is received after the 1st day of the month, tenant shall pay a late fee of $25. If rent is received after the third day of the month, the tenant shall pay a late fee of $25 plus a late charge of $10 per day until rent is paid in full."
We paid our rent on 2/8 and our landlord is trying to tell us this indicates we owe a late fee of $250. This does not appear to match with what the lease (above) states. By our math based on that wording we would owe $95.
Who is correct based on that wording?