Landlord rights and responsibilities - Late Payment Penalty You may not charge a late fee or penalty for rent paid past the due date unless it is paid 30 days or more past the due date. A reverse penalty to encourage early payment is also illegal. For instance, where you promised to reduce the rent by 10 % if the rent is paid within the first five days of the month, this is an illegal provision (940 CMR § 3.17 (6)(a). However, because there is no “grace period,” you may begin eviction if the rent is only one day late.
Posted on: Tue, 17 Sep 2013 00:49:41 +0000
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