Legal Question in Landlord & Tenant Law in Pennsylvania
Late Fees
hi, my landlord is charging me 100.00 late fee after the 5th of the month...is this legal in the state of PA
Asked on 2/05/08, 12:49 pm
1 Answer from Attorneys
John Davidson
Law Office of John A. Davidson
Re: Late Fees
Depends on what the monthly rent is. A late fee should be related to the loss the landlord suffered. The should not be a hidden penalty.
The legal rate of interest is 6% so in theory any charge greater than .5% of the monthly rent could be challenged as a penalty.
If you you have any questions please feel free to contact me. The initial consultation is free.
{John}
Answered on 2/05/08, 1:03 pm