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98
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23
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Fausto Carosella
  • Real Estate Broker
  • Boca Raton, FL
23
Votes |
98
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Massachusetts Landlords--Late Fee question--Conflict with BP form

Fausto Carosella
  • Real Estate Broker
  • Boca Raton, FL
Posted

Hey all,

Purchased Mass Landlord forms right here from BP... trying to help a buddy out who bought his first home that has an in-law apartment. The lease I purchased states: 

"Any payments paid after the _____ day of any calendar month shall be deemed late. Any late payments shall be charged a $______ late fee for the first day rent is late. An additional fee of $_______ per day shall be assessed for each additional day Rent is late, until Rent is paid in full."

Everything I've found says you cannot charge a late fee until after 30 days. Can anyone shed some light on this? These are supposed to be written by attorneys....

  • Fausto Carosella
  • Most Popular Reply

    User Stats

    7
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    4
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    John Strobel
    • Rental Property Investor
    • Newburyport, MA
    4
    Votes |
    7
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    John Strobel
    • Rental Property Investor
    • Newburyport, MA
    Replied

    You are correct, @Fausto Carosella -- in MA you cannot charge late fees until it's 30 days late. I recently dug into this as I was redoing my lease. Here's an excerpt from www.mass.gov's "Tenant's Rights Guide":

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