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Request for Waiver of Late Fees by William Smith for June T-Hangar Lease Payment at Brooksville-Tampa Bay Regional Airport
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BRIEF OVERVIEW
William Smith has been a tenant in good standing at Brooksville-Tampa Bay Regional Airport since 2023. He currently leases T-50 at the Airport.
Each lease agreement at the Airport contains language stating rents are due on the first of the month and a late penalty will be applied for all rents received after 5:00 p.m., on the tenth (10th) day of the month. The late payment fees vary in rate assessed depending on the Lease and vary in amount assessed based upon the current base rent paid.
In June, the lease payment for William Smith was received on June 13, 2025. As per the lease agreement the tenant was assessed a late fee. The total late fee assessed was $50.80.
William Smith is requesting the Board consider a one-time waiver of the late fee assed in the month of June.
FINANCIAL IMPACT
The Airport’s budgeted revenue will not be impacted; there will only be a loss of the late fee in the amount of $50.80.
LEGAL NOTE
The Board has authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board determine if a waiver of the assessed late fees should be provided.