Late fees capped at $50 or 5% of monthly rent — whichever is less. Cannot be charged before the 5-day grace period; cannot compound.
Late fees capped at $50 or 5% of monthly rent — whichever is less. Cannot be charged before the 5-day grace period; cannot compound.
Must be disclosed in writing in the lease. Fees in excess of statutory cap are unenforceable and may be recovered.
Tenant counter-claim; lease provision unenforceable.
Enforced by: Civil court
https://www.nysenate.gov/legislation/laws/RPP/238-A