Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Lucas Dubs
  • Rental Property Investor
  • Orlando, FL
2
Votes |
10
Posts

Florida law on late fees

Lucas Dubs
  • Rental Property Investor
  • Orlando, FL
Posted

So I’m closing on my first house in a couple weeks in the greater Orlando area. I’m gonna be house hacking, so I’ve been reading the landlord tenant laws for Florida (chapter 83 part II). I can’t find anything about late fees in there. I know in some states there is a cap on what you can charge for late fees and how you have to do it. Does anyone know or can point me in the right direction for the answer as to what I can charge someone after the rent is late and if there is a formal way of charging them that late fee?

Most Popular Reply

User Stats

1,040
Posts
729
Votes
Christopher Smith
  • Investor
  • brentwood, CA
729
Votes |
1,040
Posts
Christopher Smith
  • Investor
  • brentwood, CA
Replied

This was posted in 2019 on an internet site. Looks like the "reasonable man" standard applies, you might call some local PMs in your area to see if they could give a better handling on exactly what that means in your particular situation.

Late Rent Fee in Florida

Florida law does not have any requirements on if and how much a landlord can charge a late fee. This would be the amount in addition to the monthly rent that the tenant must pay if their rent is late.

Late fees must be reasonable. Charging $1,000 as a late fee would be ridiculous. A $50 late fee would usually be considered reasonable. However, the higher the amount of rent, the more you could charge a late fee.

Loading replies...