Legal Question in Real Estate Law in New York
Late Rental Payment Fees
In NYS is there a ''legal'' limit as to the amount a landlord may charge per month for late fees? Even if Section 8 is involved?
Asked on 8/07/08, 4:04 pm
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: Late Rental Payment Fees
Usually it is 5%. An excessive late fee is deemed unenforceable by the Court. See, Dashnaw v. Shiflett, 10 Misc.3d 1051(A) (N.Y.City Ct. 2005).
Mike.
Answered on 8/07/08, 4:32 pm