Do landlords have to allow a grace period for late rent before they charge late fees? Are late fees legal? |
Unless the lease or rental agreement specifies otherwise, in most states there is no legally-recognized grace period -- in other words, if a tenant hasn't paid the rent on time, the landlord can usually terminate the tenancy with a "pay or quit" notice the day after it is due. However, some leases and rental agreements do provide a five-day grace period for late rent.
Some landlords charge fees for late payment of rent or for bounced checks; these fees are usually legal if they are reasonable. The laws on late fees can be found in your state's landlord-tenant statutes.
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