rent collection
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rent collection (by tracie [NY]) Jan 16, 2014 8:37 AM
       rent collection (by Ken [NY]) Jan 16, 2014 8:44 AM
       rent collection (by Gruvin [TX]) Jan 16, 2014 2:13 PM
       rent collection (by wo;f [NY]) Jan 16, 2014 9:40 PM

rent collection (by tracie [NY]) Posted on: Jan 16, 2014 8:37 AM
Message:

State Specific Question About: NEW YORK (NY)

can i charge interest if not paid on due date?

--207.255.xxx.xxx



rent collection (by Ken [NY]) Posted on: Jan 16, 2014 8:44 AM
Message:

You can charge a late fee if it is in your lease --24.92.xx.xxx



rent collection (by Gruvin [TX]) Posted on: Jan 16, 2014 2:13 PM
Message:

I am not sure if applicable but the New York Division of Housing and Community Renewal states:

There must be clauses in the original lease that authorize the collection of these fees. If these clauses are not included in the original lease, they cannot be charged.

The amount of the late fee must be reasonable. DHCR has generally considered a late fee to be reasonable if it is five percent (5%) of the monthly rent. --23.123.xxx.xx



rent collection (by wo;f [NY]) Posted on: Jan 16, 2014 9:40 PM
Message:

That's only if you accept HUD sec 8 that you have to follow those guidelines --74.78.xxx.xx



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