Realistic Late Fees

That per the Washington State Landlord Tenant Act late fees must be “reasonable” and not punitive? The courts typically interpret this as being a maximum of $50 or 10% of one month’s rent, whichever is higher. The NWMLS lease actually indicates a maximum of 10% of one month’s rent. The safest bet is to take 10% of one month’s rent and divide that amount by 30 to come up with a daily amount. The courts have been known to disallow any late fee at all if the late fee is found to be punitive.

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management.
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