10 §9097-C. Penalties for late payment of rent
Title 10: COMMERCE AND TRADE
Part 11: HOUSING
Chapter 953: REGULATION OF MOBILE HOME PARKS; LANDLORD AND TENANT HEADING: PL 1989, C. 104, PT. B, §1 (RPR)
§9097-C. Penalties for late payment of rent
The owner of a mobile home park or the owner's agents may assess a penalty against a tenant for late payment of rent under this section. [2005, c. 156, §2 (NEW).]
1. Late payment. A payment of rent is late if it is not made within 15 days from the time the payment is due.
[ 2005, c. 156, §2 (NEW) .]
2. Maximum penalty. The owner of a mobile home park or the owner's agents may not assess a penalty for the late payment of rent that exceeds 4% of the amount due for one month.
[ 2005, c. 156, §2 (NEW) .]
3. Notice in writing. The owner of a mobile home park or the owner's agents may not assess a penalty for the late payment of rent unless the owner of a mobile home park or the owner's agents gives the tenant written notice at the time the owner of a mobile home park or the owner's agents and tenant enter into the rental agreement that a penalty, up to 4% of one month's rent, may be charged for the late payment of rent.
[ 2005, c. 156, §2 (NEW) .]
SECTION HISTORY
2005, c. 156, §2 (NEW).