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Posted by Mark Smith on September 10, 1999 at 15:32:32:

In Reply to: late fee??? posted by Laura on September 09, 1999 at 20:37:01:

It is not legal for your landlord to impose a late fee if there is no provision in your lease for a late fee. Even if there is a provision in your lease for a late fee, $25 may be too high, depending on your rent. Courts have ruled that late fees greater than 4% or 5% are excessive.

Use the general search on TenantNet and the specific search under Housing Court Decisions for "late fee."

:
: Is it legal for my landlord to charge a $25 late fee if the rent is not submitted by the 5th of the month? No provisions for this were mentioned in the lease that I originally signed. Our building was sold to a new landlord who suddenly announced the institution of this new law...

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Comments:
: It is not legal for your landlord to impose a late fee if there is no provision in your lease for a late fee.  Even if there is a provision in your lease for a late fee, $25 may be too high, depending on your rent.  Courts have ruled that late fees greater than 4% or 5% are excessive.

: Use the general search on TenantNet and the specific search under Housing Court Decisions for "late fee."

: 
: :
: : Is it legal for my landlord to charge a $25 late fee if the rent is not submitted by the 5th of the month?  No provisions for this were mentioned in the lease that I originally signed.  Our building was sold to a new landlord who suddenly announced the institution of this new law... 


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