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.

Read more
Answered on 8/07/08, 4:32 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in New York