Is there a federal law that states in a residential rental lease that the lessor cannot impose a per diem late fee?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Is there a federal law that states in a residential rental lease that the lessor cannot impose a per diem late fee?
That it must be a flat fee?
Asked on June 14, 2012 under Real Estate Law, Arkansas
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Not that I am aware of. In fact, it is my understanding that HUD has a model lease that actually does impose a per diem late fee (realsonable of course like $1 a day). Many private llandlords impose them as well. Just remember that a lease is a contract and the terms can be negotiated. I would check local law on the matter with ana ttorney in your area. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.