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.
General Landlording & Rental Properties
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 7 years ago on . Most recent reply

User Stats

51
Posts
26
Votes
Brett Jones
  • Investor
  • Ellsworth, ME
26
Votes |
51
Posts

Late fee laws in Maine

Brett Jones
  • Investor
  • Ellsworth, ME
Posted

So as I understand it, in the state of Maine a tenant needs to be 15 days past due on rent for it to be considered "late" before a late fee can be added to the rent. 

https://ptla.org/rights-maine-renters-paying-rent

What I'm unsure of is if this is for a Tenant at Will only, or if the tenant has signed a lease with a different arrangement, does the lease apply?

Any guidance from a Maine property manager would be appreciated. Thanks.

Most Popular Reply

User Stats

54
Posts
35
Votes
Andrew Magoun
  • Investor
  • Yarmouth, ME
35
Votes |
54
Posts
Andrew Magoun
  • Investor
  • Yarmouth, ME
Replied

@Brett Jones, is the late paying tenant a good tenant otherwise? If so, it might be worth it to put up with rent coming in late. I have a tenant who consistently pays around the 10th. So they’re always late, but not late enough to trigger the late fee. While it’s definitely frustrating to have to wait that long for rent, the tenant is otherwise awesome. We almost never hear a thing from them, and when we do it’s not their fault (like there was a leak in their bathroom ceiling because the upstairs tenant left the water running and it over flowed). So all in all it’s cheaper and less hassel to keep the good tenant who pays a bit late than to evict them (or even threaten them with eviction). That said, these are awesome tenants so probably not the norm. 

Loading replies...