@Account Closed you are entitled to your opinion. According to my state law they are not until challenged and ruled otherwise.
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Does your state law actually say that? Or are you interpreting it's silence as meaning that the contract law is inapplicable. But let's assume you are right - you now know why I'd be telling your tenants they don't have to pay your late fees.
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My homes are in parks, I have to pay a $25 late fee, and I feel only $5 per Day for my time, effort and concerns over them making their payment, is an extreme discount. They don't normally get out of the 5% to 10% range, of the rent, so therefore aren't that unreasonable.
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It is unreasonable and all you have to do to know that is read your own link.
"In states that have no legislated rule, landlords should follow the advice above."
Then go to the advice above and read what it says.
"If your state does not set a specific limit, don’t let the charge exceed 4% to 6% of the total rent. A higher total might not hold up in court."
