When do late-payment fees become 'excessive'?
Jun 10, 2012 5:19 AM - [No Paragraph Style]NewsQandA with bodyQ. My husband and I rent a townhouse that is privately owned. Per the lease that we signed, the rent is due on the first of the month and there is a five-day grace period. The landlord charges us $35 for the first day if we pay on the sixth of the month and $25 each additional day that we are late in paying the rent. Our monthly rental is $810.