Massachusetts Delay Rental Payment Agreement Directing Payment to An Agent
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How to fill out Delay Rental Payment Agreement Directing Payment To An Agent?
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FAQ
Grace period: There is a rental grace period of 30 days (MGL c. 186 § 15B(1)(c)). Late fees: Charging a late fee is allowed, but not required (MGL c. 186 § 15B(1)(c)).
Your landlord must first send you a "Notice to Quit" your tenancy. If the landlord is terminating your tenancy for non-payment of rent, s/he must send you a "14-Day Notice to Quit" (M.G.L.c.186, §§ 11 and 12). Your lease will specify the notice requirement for other terminations; it is typically seven days.
Late Payment Penalty: A landlord cannot charge interest or a penalty on late rent until 30 days after the due date. However, the landlord can begin the eviction process immediately, even if the rent is only one day overdue. The landlord also cannot use a reverse penalty clause to encourage you to pay early.
Massachusetts. There is no maximum late fee applicable to overdue invoices in Massachusetts. Businesses do, however, need to provide their clients with a 30-day grace period before charging late fees on overdue balances.
It is also illegal for a landlord to charge you a finder's fee. A rental agent can charge a finder's fee only if she is a licensed real estate broker.
The amount of notice will depend on the length of the lease term: Monthly Leases - Either 30 days or a number of days equal to the interval between each rent payment. Yearly Leases - Three months of notice, as long as the payment intervals are three months or longer.
However, even in states where landlords decide their grace period lengths, it's typically no more than a few days. The most common amount of time is three to five days before fees are incurred. Landlords are able to charge tenants late fees as soon as the grace period ends.
