Are there no regulations on timelines and charges which define "reasonable". In my opinion the late fee is the penalty and to charge $50 two weeks after you asses a late fee is unreasonable. Also, if the law is going to be written to give that much power to a company who in the end works for the home owners they should require a reasonable effort to notify the home owner that they are late. Also, how is reasonable fee defined? The cost of paying a $10/hr admin to take 15 min to type a name and address into a letter template is a few dollars. So the $47 above that is profit. That also, does not seem reasonable. Do you have any other documents that you could refer me to. Thre link Ariz. Rev. Stat., Section 33-1256 is written very general and has no details in the document.
Sorry to keep bothering you on this. But a last note, the letter was written by the Management company and not an attorney. No attorney signiture is present on the demand letter.
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