Maine Revised Statutes
Chapter 710: RENTAL PROPERTY
14 §6028. Penalties for late payment of rent

§6028. Penalties for late payment of rent
A landlord may assess a penalty against a residential tenant for late payment of rent for a residential dwelling unit according to this section.   [PL 1987, c. 605 (AMD).]
1.  Late payment.  A payment of rent is late if it is not made within 15 days from the time the payment is due.  
[PL 1987, c. 215 (NEW).]
2.  Maximum penalty.  A landlord may not assess a penalty for the late payment of rent which exceeds 4% of the amount due for one month.  
[PL 1987, c. 215 (NEW).]
3.  Notice in writing.  A landlord may not assess a penalty for the late payment of rent unless the landlord gave the tenant written notice at the time they entered into the rental agreement that a penalty, up to 4% of one month's rent, may be charged for the late payment of rent.  
[PL 1987, c. 215 (NEW).]
SECTION HISTORY
PL 1987, c. 215 (NEW). PL 1987, c. 605 (AMD).

Structure Maine Revised Statutes