late fees

Starting October 1, Maryland renters who are being charged late fees can only be charged the 5% late fee on the actual portion of rent that's overdue. Example: If your rent is $1500 per month, but you made a partial payment of $500 before the due date, you can only be charged a late fee on the remaining $1000. For tenants who pay their rent weekly, the late fees are limited to $3 per week, not to exceed $12 per month. Any lease clauses that that include penalties that exceed these limits will not be able to be enforced. Landlords ...