Section 26-3-8-11.5 - Late fee for renter's default; owner's recovery of costs and expenses of rent collection and lien enforcement(a) For each month a renter is in default under the rental agreement, an owner may impose and collect a late fee that does not exceed the greater of the following: (1) Twenty dollars ($20).(2) Twenty percent (20%) of the monthly rent.(b) In addition to a late fee authorized under subsection (a), an owner may recover from a renter all reasonable costs and expenses of:(2) lien enforcement; incurred by the owner as a result of the renter's default.
Added by P.L. 36-2018,SEC. 2, eff. 7/1/2018.