Current as of January 01, 2020 | Updated by FindLaw Staff
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(a) If the amount of a late fee and the conditions for imposing a late fee are stated in the rental agreement or in an addendum to the rental agreement, the operator may impose a late fee on the occupant for each month the occupant does not pay rent when due that does not exceed the greater of:
(1) Thirty dollars ($30.00) per month; or
(2) Twenty percent (20%) of the amount of monthly rent.
(b) Expenses incurred as a result of rent collection or lien enforcement by an operator may be charged to the occupant in addition to the late fees permitted by this section.
Cite this article: FindLaw.com - Arkansas Code Title 18. Property § 18-16-411. Conditions and limitations for imposing late fees - last updated January 01, 2020 | https://codes.findlaw.com/ar/title-18-property/ar-code-sect-18-16-411.html
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