Can Landlords Charge Late Fees in Maryland?
Can Landlords Charge Late Fees in Maryland?
The Maryland legislature has recently passed a bill (Effective October 1, 2021) that will greatly impact tenants and property owners in a number of different aspects. However, one aspect that is crucial you be aware of is “Can Landlords Charge Late Fees?”. Now, that may seem like a question with an obvious answer. “Of course landlords can charge late fees. They can do whatever they want, can’t they?” Well, landlords can indeed charge late fees, but in a much more regulated and reduced fashion. This all falls under the Senate bill that passed titled “Concerning Rights Related to Residential Rental Agreements”. This is not a full breakdown of this bill. We will simply be going over a few highlights of the bill so that landlords and tenants are equally informed of their rights.
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