How much can a landlord charge for late rent?

In Washington, landlords may charge late fees to tenants who pay their rent late. However, the amount of the fee must be reasonable and stated in the lease agreement. According to Washington State Law, a landlord may not charge more than 8% of the monthly rent for the first week late and an additional 4% for each additional week. For example, if the monthly rent is $1,000, the landlord can charge up to $80 for the first week late, and an additional $40 for each week after that. In addition to these fees, landlords may also charge up to $5 per day for each late day, as long as it does not exceed a total of 10% of the monthly rent. Additionally, it is important to note that landlords must give notice to the tenant stating the amount of the late fee, when it is due and how it may be paid before they can charge the fee. Additionally, they must follow the notice rules and procedures set by the state government. Landlords are also required to provide their tenants with a grace period of three to five days before they can charge late fees. Overall, landlords in Washington may charge late fees if the tenant does not pay their rent on time, however the amount of the fee must comply with state law. The late fee must be reasonable and the landlord must follow the notice requirements set by the state government, as well as provide a grace period before charging the late fee.

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How much can a landlord charge for late rent?

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