Section 9097-C - Penalties for late payment of rentThe 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).]
2005, c. 156, § 2 (NEW) .