§ 8A-404. Late payment fee

Latest version.

   A park owner may charge a late payment fee if:

   (1) The rental agreement provides for the fee;

   (2) The fee does not exceed 5 percent of the rent due or $ 5, whichever is higher; and

   (3) The rent is not paid within 5 days after the due date specified in the rental agreement.

HISTORY: 1976, ch. 479; 1980, ch. 843, § 3.

                    
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