Key answer: The cap is the LESSER of $50 or 5% of the rent. Rent must be 5 days past due before any late fee may be charged.
| Rule | Detail |
|---|---|
| Fee cap | The lesser of $50 or 5% of the rent |
| Grace period | 5 days |
| Must be in lease? | Recommended — safest way to enforce |
| Source | NY Real Prop. Law §238-a |
New York caps late fees at the LESSER of $50 or 5% of the monthly rent, with a 5-day grace period. For $1,500 rent: 5% is $75, so the cap is $50.
What is the maximum late fee a landlord can charge in New York?
The cap is the LESSER of $50 or 5% of the rent.
When can a New York landlord charge a late fee?
Rent must be 5 days past due before any late fee may be charged.
Does the late fee have to be in the lease in New York?
Check your lease. In New York the fee must be reasonable, and having it clearly written in the lease is the safest way to enforce it.
Can a New York landlord charge a daily late fee?
Only if the lease allows it and the total charge stays within the legal cap — a daily fee cannot be used to get around the limit.
What happens if a New York landlord charges an illegal late fee?
A fee above the legal limit can be challenged; courts may void the fee or the entire clause as unconscionable.
We have not confirmed a statewide rent-increase cap for New York. Notice requirements depend on the lease type (month-to-month vs. fixed term) — check your lease and local rules.
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Not legal advice. Verify against your lease and local rules.
Calculate your New York late fee