Rule Detail: late-fee / NY

This rule expired on 2026-01-01.
This rule may be outdated. Last updated Jan 2025.

Metadata

Effective Year: —
Last Updated: 2025-01-01
Expires On: —
Version: 2025.01
Effective Date: 2025-01-01
Supersedes: —
Source Changed: Not checked

Data

Key	Value
maxLateFee	50
dailyLateFee	null
gracePeriodDays	5
percentageCap	5

Citations

No source URL available for this rule.

N.Y. Real Prop. Law § 238-a

High

Updated: 2025-01-01Confidence: 80%

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{
  "data": {
    "maxLateFee": 50,
    "dailyLateFee": null,
    "gracePeriodDays": 5,
    "percentageCap": 5
  },
  "citations": [
    {
      "statute": "N.Y. Real Prop. Law § 238-a",
      "url": "",
      "excerpt": "",
      "sourceType": "statute",
      "lastUpdated": "2025-01-01",
      "confidence": 0.8
    }
  ],
  "version": {
    "version": "2025.01",
    "effectiveDate": "2025-01-01",
    "supersedes": null,
    "notes": [
      "New York limits late fees for certain tenants to $50 or 5% of monthly rent, whichever is less.",
      "A 5-day grace period is required."
    ]
  }
}