Question
Jim rented an apartment from Bahama Beach Apartment. In the contract, it stated that the rent was due on the 1st of the month and
Jim rented an apartment from Bahama Beach Apartment. In the contract, it stated that the rent was due on the 1st of the month and there would be a $15 late fee for rent paid after the 5th of the month. Jim paid Junes rent on the 10th of the month. Bahama Beach Apartment did not charge him the later fee. When Jim was late in October, Bahama Beach charged him the late fee. Jim objected to the late fee and stated that the apartment complex had waived the late fees when he did not pay in June. Using IRAC determine whether the apartment complex waived all future late fees.
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