DC Councilmember to Introduce Bill Limiting Rental Late Fees
✉️ Want to forward this article? Click here.
A home for rent on Capitol Hill.
On Tuesday, DC Councilmember Anita Bonds will introduce a bill that limits rental late fees to no more than 5 percent of a tenant’s monthly rent in the District.
Currently, there is no law in the city that governs the fees that landlords can charge tenants who do not pay their rent in a timely manner. The bill introduced on Tuesday would make the maximum fee that could be charged 5 percent of the monthly rent owed.
story continues below
loading...story continues above
“The bill [also] prohibits a housing provider from deducting a late fee from future rent payments, which can cause timely rental payments to be late if the tenant has not yet paid the original late fee,” a press release about the legislation stated. “Currently, some housing providers charge a late fee not only in the month when the payment is missed, but each month thereafter until the tenant becomes current on all late fees.”
A late payment, as defined by the proposed legislation, is “any amount of rent that is not paid within ten days from the time a rent payment is due.”
Similar Posts:
- Councilmember Introduces Bill That Would Build 1,000 Tiny Houses For Millennials in DC
- DC Councilmember Proposes Bill to Strengthen Rights of Condo Owners
This article originally published at https://dc.urbanturf.com/articles/blog/dc_councilmember_to_introduce_bill_limiting_rental_late_fees/10931.
Most Popular... This Week • Last 30 Days • Ever
With a big snowstorm hitting the region, these tips are important for homeowners to k... read »
Today, UrbanTurf offers a brief explanation of what it means to lock in an interest r... read »
Title insurance is a form of insurance that protects against financial loss from defe... read »
Plans for a new 18-story apartment building have been pitched for the site of the Arl... read »
The concept is describing itself as similar to Union Market, but smaller.... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro