New York Rent Late Fee Calculator
Calculate rent late fees and verify compliance with New York state regulations. Free instant calculator with legal compliance verification.
New York State's rent late fee regulations are designed with tenant protection in mind, enforcing strict limits on the amount landlords can charge as late fees. The maximum allowable late fee is either $50 or 5% of the monthly rent, whichever is less. This ensures that tenants are not subjected to exorbitant fees that could lead to financial distress. Moreover, landlords must provide a 5-day grace period before any late fee can be imposed, offering tenants additional time to make their rental payments without penalty.(N.Y. Real Prop. Law § 238-A)
Related Statutes
In New York, the imposition of late fees is tightly regulated to prevent unfair financial burdens on tenants. The law mandates that any late fee must not exceed the lesser of $50 or 5% of the monthly rent. This strict cap ensures that late fees remain reasonable and proportionate to the rent amount. The 5-day grace period before a late fee can be applied provides tenants with a buffer to address unexpected financial challenges.
Key Factors:
- 5-day grace period before fees apply
- Maximum fee is the lesser of $50 or 5% of rent
- No daily rate allowed
New York City
New York City adheres to the state regulations regarding late fees, without additional local modifications. Landlords must comply with the 5-day grace period and the maximum fee limits as set by state law.
Learn moreHousing Stability and Tenant Protection Act
This significant legislative update reinforced tenant protections by capping late fees and extending grace periods, among other tenant-friendly measures.
New Jersey
No state-mandated cap, but fees must be reasonable
Connecticut
No statutory cap, typical fees are around 5% of rent
Massachusetts
Late fees allowed after 30-day grace period
Landlord Best Practices:
- •Clearly outline late fee terms in the lease agreement in compliance with state law.
- •Ensure tenants are informed of the 5-day grace period before late fees are applied.
- •Avoid imposing fees that exceed the legal maximum to prevent potential legal disputes.
Tenant Best Practices:
- •Familiarize yourself with the legal cap on late fees and the grace period.
- •Communicate promptly with your landlord if you anticipate a delay in rent payment.
- •Seek legal advice if you believe a landlord has imposed an unlawful late fee.
New York State Attorney General's Office
Provides information and assistance on tenant rights and landlord obligations.
New York City Housing Preservation and Development
Offers resources and support for both landlords and tenants in NYC.
Legal Services NYC
Provides free legal assistance to low-income residents of New York City.
Frequently Asked Questions - New York
5-day grace period. Maximum $50 or 5% of rent, whichever is LESS.
View Official State Law →Updated October 2025