New York
2026 Updated
New York Late Fee Policy
Late fee addendum establishing grace periods, late payment penalties, NSF fees, payment methods, and eviction procedures for rental properties.
New York State-Specific Requirements
Important New York Requirements
New York limits late fees to $50 or 5% of monthly rent for rent-stabilized units. Late fees cannot be charged until 5 days after due date. RPAPL § 711(2) requires 14-day notice.
What's Included in This Addendum
Late payment penalties, grace periods, and payment procedures
Customizable Fields:
Monthly Rent Amount
Required
Rent Due Date
Required
Grace Period (days)
Required
Late Fee Amount ($)
Late Fee Percentage (%)
Fee Calculation Method
Required
Daily Late Fee
Maximum Late Fee
NSF/Returned Check Fee
Required
Partial Payment Policy
Required
Accepted Payment Methods
Required
Days Before Eviction Notice
Required
Eviction Notice Type
Required
Frequently Asked Questions
Late fee addendum establishing grace periods, late payment penalties, NSF fees, payment methods, and eviction procedures for rental properties.
Yes, this addendum includes New York-specific requirements and complies with state landlord-tenant laws.
Yes, you can customize this addendum with our interactive builder. Fill in your property details, and our automated form assistance will generate a personalized document.
Yes, all our addendums are 100% free to download in PDF and Word formats. No signup required, instant access.
New York limits late fees to $50 or 5% of monthly rent for rent-stabilized units. Late fees cannot be charged until 5 days after due date. RPAPL § 711(2) requires 14-day notice.
Important Disclaimer
This is automated AI form assistance. This addendum is provided as a template and should be reviewed by a licensed attorney before use. LeaseCraft is not a law firm and does not provide legal advice. For legal advice, consult with a qualified attorney in New York.
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