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?
1 Answer from Attorneys
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).