Late fee rules in New York
In New York, the late fee is at most $50 or 5% of the monthly rent, whichever is less. In New York, a late fee is allowed only if rent is still unpaid 5 days after it was due, so the first fee is on the 7th.
Checked against New York law on Oct 28, 2026.
What New York law says
What is the maximum late fee a landlord can charge in New York?
In New York, the late fee is at most $50 or 5% of the monthly rent, whichever is less.
Source: N.Y. Real Prop. Law § 238-a(2), read Oct 28, 2026.
When can a landlord charge a late fee in New York?
In New York, a late fee is allowed only if rent is still unpaid 5 days after it was due, so the first fee is on the 7th.
Source: N.Y. Real Prop. Law § 238-a(2), read Oct 28, 2026.
Check your city's rules too: a city or county can set stricter limits. This is general information, not legal advice.