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Landlord Tenant Property ManagementFl_landlord_tenantMEDIUM

A tenant's lease requires $1,500 monthly rent due on the 1st, with a $75 late fee if paid after the 5th. The tenant pays on the 8th of the month. Under Florida law, what is the maximum late fee that can be legally charged?

Correct Answer

A) $75.00

Correct: The lease specifies $75, which is reasonable and enforceable under Florida law as it doesn't exceed typical statutory limits. Why not B: $150 would be 10% of rent, which may be excessive. Why not C: $225 (15% of rent) exceeds reasonable late fee standards. Why not D: $300 (20% of rent) is clearly excessive and unenforceable.

Answer Options
A
$75.00
B
$150.00
C
$225.00
D
$300.00

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Related Topics & Key Terms

Key Terms:

late_feesrent_collectionlease_terms
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