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Florida law on late fees
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?
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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.