Landlord Question and Answer Forum

I have been using EZ Landlord Forms for 5 years I usually end up going to court at least once a year & representing myself & have never lost a case and always get a judgement. However, I recently decided to use an attorney to represent me in a court action for damages. While going through the contract the attorney said he thought that the 10% late fee was too high and maybe a problem but I have never had the judge question it in past cases. The attorney suggested maybe a $20.00 late fee which I suggested back if that was the case, most tenants would come in late every month. The attorney usually the late fee is tied to the prime rate + 3 1/2 percent can anybody honestly tell me what is a reasonable late fee in Montana as Charging a $20.00 fee would be a joke? Thanks Mike

I charge a late fee of 5% of the monthly rent.

Posted by karen s, WI on Monday, April 15, 2013