Late Fees

Phil Querin Q&A: What are the limitations on late fees?

Question: What are the limitations on late fees?

Late Charges or Fees.

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Phil Querin Q&A: Charging Late Fees For Overdue Sub-Metered Water Charges

Question: We have sub-metered water and are sending tenants monthly water bills. May I charge them a late fee for failure to pay the bill on time? If so, how do I go about notifying them?

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Phil Querin Q&A: Obtaining Repayment of Unpaid Late Fees

Question: Which form do I use to recover unpaid late fees after issuing a 72-hour notice for non-payment of rent? Form 43 is for continuing violations.

Answer. First, as we know, the 72-hour notice for nonpayment of rent does not require payment of the late fee in order to cure the notice. It is sufficient if the tenant only pays the rent within the specified time. For nonpayment of rent only, you use MCHO Form N0. 42.

For nonpayment of late fees, you have two choices:

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Phil Querin Q&A - Late Fees

Question: A landlord currently charges a $25 late fee. She wants to increase it to $50. Can she do that and if so, what kind of notice should she give? Also, can she change the late fee from a flat amount to a percentage (e.g. 10%) of rent?

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