Real Estate/Development
Apr. 13, 2006
Late Fees in Residential Leases Are Questionable as Legal Remedies
Forum Column - By Kenyon Dobberteen - Are late fees permissible in residential leases and rental agreements? As is discussed below, it is difficult to imagine when they would be. Late fees are ubiquitous in consumer transactions. Virtually
By Kenyon Dobberteen
Are late fees permissible in residential leases and rental agreements? As is discussed below, it is difficult to imagine when they would be.
Late fees are ubiquitous in consumer transactions. Virtually every lender charges a debtor a fixed fee for failing to pay his/her debt on time. Creditors in consumer transactions are able to charge late fees bec...
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