Legal Question in Real Estate Law in Maryland
Late Fees
What is the maximum amount that I can charge a tenent in late fees. We collect our rent by the week. Thank you Dana
Asked on 3/12/03, 12:18 pm
1 Answer from Attorneys
Robert Sher
Wagshal and Sher
Re: Late Fees
You can charge up to a 5% late fee under section RP 8-208 of the MD Code.
Answered on 3/13/03, 2:39 pm