Laws
- Notice Period: 7 days.[1]
- Rent Grace Period: None; the rent is due on the time and place agreed upon by the parties.[2][3]
- Maximum Late Fee: No statute. By default, the maximum fee is the usury rate, which is 10.5% (or 5% above the Federal Reserve Discount Rate) and must be mentioned in the lease.[4]
Delivering
This notice must be sent by:
- Registered or certified mail with a return receipt;
- Hand-delivered to the tenant; or
- Left at the premises in the event the tenant is absent.[5]
Waiver of Landlord’s Right to Terminate
If the tenant is late on rent and pays the past-due amount after a default, the acceptance of the payment by the landlord constitutes a waiver of the landlord’s right to terminate the lease.[6]
Sample
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