Full question:
I couldn’t pay the rent for the last month. So I owe my landlord 450 dollars as rent, which is already a big amount for me. The landlord now wants me to pay him a late fee of 20 dollars per day. I find this amount a bit too much for late rent penalty. What is the law on late fee in case of unpaid rent in Iowa?
- Category: Landlord Tenant
- Subcategory: Late Fees
- Date:
- State: Iowa
Answer:
In Iowa, if your rent is less than seven hundred dollars per month, your landlord cannot charge a late fee greater than twelve dollars per day or a total of sixty dollars per month. This is outlined in Iowa Code § 562A.9. For rental agreements where the rent exceeds seven hundred dollars, the maximum late fee is twenty dollars per day or one hundred dollars per month.
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