My NYC landlord charges $75 if the rent is three days late. Is that OK?

… rent is more than five days late under state law Late fees are capped at $50 or 5 percent of your monthly rent whatever is less and can only be imposed after five days … according to a New York State Unified Court System guide Landlords cannot sue for late fees in housing court said …

By Celia Young |February 19, 2025 - 3:30PM