Late Payments and fines for a late rent payment : ezLandlordForms

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Late Payments and fines for a late rent payment

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Pete C

started a topic over 8 years ago

I wanted to know if I as a landlord can ask for a late payment fee if a tenant doesn't pay the rent on time? I know if I am late on a mortgage payment on a private mortgage I have, I have to pay $250 over and above the regular payment. Is it legal to do it with a month to month rental agreement?

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Richard W

said over 8 years ago

Yes however the late payment fee can really only be about $35 dollars. Each state has their own requirements! You will not be able to charge $250 I don't think but if it does hinder you and you are penalized you will be able to take care of it in small claims court.

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