Are there limits on how much a landlord can charge for late fees?

Yes, there are limits on how much a landlord can charge for late fees in Florida. According to Florida State Law, landlords may not charge a tenant more than 5% of the rent amount as a late fee. Additionally, the landlord is only allowed to begin charging late fees after a tenant is five days late with rent payment. If the tenant does not pay rent within 15 days, the landlord has the right to terminate the lease. After the 15 days, the late fee can then increase to 10% of the current month’s rent. Also, if a landlord charges a late fee in addition to rent, they must include a late charge line on the tenant’s rent invoice. This allows the tenant to be aware of the late fee amount they are being charged. Additionally, if a tenant is unable to pay their rent one month, the landlord is not allowed to evict them until they have paid their past due rent and any additional late fees that have been charged. Overall, Florida has certain laws in place in regards to landlords and late fees that both tenants and landlords must adhere to ensure the safety of the tenant and the landlord. Any landlord that does not comply with these laws, can be fined or even face criminal charges.

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Are there limits on how much a landlord can charge for late fees?

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