SB388

Kansas SB388 sets a maximum late fee of 5% of the periodic rent for late payment of rent under the residential landlord and tenant act.

Kansas SB388 amends the residential landlord and tenant act by establishing a cap on late fees for rent payments. Specifically, landlords are permitted to charge a reasonable late fee, but it cannot exceed 5% of the periodic rent. This provision aims to protect tenants from excessive late fees while allowing landlords to recover costs associated with late payments. The act will take effect upon publication in the statute book.