Legal Question in Real Estate Law in New Jersey
Late Fees
I would like to know if there is a limit a landlord can write into a rental agreement for an apartment in New Jersey? My mother-in-law recently signed a lease and the landlord put in a late fee of $ 25.00 per day. Is this allowed?
Thank you.
Asked on 9/06/02, 10:54 pm
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: Late Fees
This is a totally approriate provision and is frequently found in leases. It usually kicks in after 5-7 days or longer in some leases.
Answered on 9/09/02, 9:59 am
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