A landlord may assess a penalty against a residential tenant for late payment of rent for a residential dwelling unit according to this section. [PL 1987, c. 605 (AMD).] 1. Late payment. A payment of rent is late if it is not made within 15 days from the time the payment is due. [PL 1987, c. 215 (NEW).] 2. Maximum penalty. A landlord may not assess a penalty for the late payment of rent which exceeds 4% of the amount due for one month. [PL 1987, c. 215 (NEW).] 3. Notice in writing. A landlord may not assess a penalty for the late payment of rent unless the landlord gave the tenant written notice at the time they entered into the rental agreement that a penalty, up to 4% of one month's rent, may be charged for the late payment of rent. [PL 1987, c. 215 (NEW).]
‹ Prev All Maine sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.