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  • Writer's pictureEd DiMarco MS, MA

The Late Fees for Storage Units in Florida: Explanation for Landlords and Tenants of Storage Units

Updated: Jan 18

The Late Fee Fairness Amendment Act in Florida

The Late Fee Fairness Amendment Act in Florida

Understanding the nuances of the late fees for storage units is crucial for Florida property managers, landlords, and tenants. This Act outlines the acceptable boundaries for late fees in rental agreements, ensuring fairness and clarity in rental transactions.

Evaluating Late Fees in Rental Agreements

Section 83.808 of the 2023 Florida Statutes, under Chapter 83 (Landlord and Tenant), provides essential guidelines for rental agreements. One key aspect is the disclosure requirement for applicants who are members of the uniformed services. More importantly, the Act addresses late fees, a common concern in rental agreements. Landlords are permitted to charge a reasonable late payment, the specifics of which should be stated in the rental agreement or its addendum. This section deems a late fee of $20 or 20% of the monthly rent, whichever is greater, as reasonable and not penal in nature. Also, landlords can charge fees related to rent collection or lien enforcement.

Understanding these regulations is vital for landlords to ensure compliance and for tenants to know their rights and obligations. This balance aims to foster a fair rental market, avoiding excessive penalties while ensuring timely rent payments.

For a detailed understanding of this legislation, it's recommended to consult the statute's full text.


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