(a) If the amount of a late fee and the conditions for imposing a late fee are stated in the rental agreement or in an addendum to the rental agreement, the operator may impose a late fee on the occupant for each month the occupant does not pay rent when due that does not exceed the greater of:
(1) Thirty dollars ($30.00) per month; or
(2) Twenty percent (20%) of the amount of monthly rent.
(b) Expenses incurred as a result of rent collection or lien enforcement by an operator may be charged to the occupant in addition to the late fees permitted by this section.
Section: Previous 18-16-402 18-16-403 18-16-404 18-16-405 18-16-406 18-16-407 18-16-408 18-16-409 18-16-410 18-16-411Last modified: November 15, 2016