Legal Question in Real Estate Law in Virginia

Limit on Late Fees

I own one single family home that I rent. I would like to know if there is a written law that limits the amount I can charge daily to my tennants after they are beyond the grace period stipulated on the one-year lease. The current late fee stipulates late fees to be charged after 5 calendar days from the due date.


Asked on 1/28/09, 9:25 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Limit on Late Fees

Assuming that this is a lease not subject to the Virginia Residential Landlord Tenant Act, you should be able to charge your tardy tenant any reasonable late fee specified in this lease.

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Answered on 1/28/09, 11:45 pm


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