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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 11.5. (a) For each month a renter is in default under the rental agreement, an owner may impose and collect a late fee that does not exceed the greater of the following:
(1) Twenty dollars ($20).
(2) Twenty percent (20%) of the monthly rent.
(b) In addition to a late fee authorized under subsection (a), an owner may recover from a renter all reasonable costs and expenses of:
(1) rent collection; and
(2) lien enforcement;
incurred by the owner as a result of the renter's default.
Cite this article: FindLaw.com - Indiana Code Title 26. Commercial Law § 26-3-8-11.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-26-commercial-law/in-code-sect-26-3-8-11-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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