Right to Fair Late Fees

The Right to Fair Late Fees is a legal protection that ensures tenants are not subjected to excessive or unreasonable penalties for late rent payments. This right is based on the principle that late fees should be proportional to the actual damages incurred by the landlord and should not be used as a source of profit. Many states have laws that regulate the amount and frequency of late fees that landlords can charge. For example, some jurisdictions may cap late fees at a certain percentage of the monthly rent or prohibit landlords from charging late fees until a specific number of days after the rent is due. If a landlord imposes late fees that violate state or local laws, the tenant may have the right to challenge the fees and seek legal remedies.