Common use of Notice in Writing Clause in Contracts

Notice in Writing. A landlord may not assess a penalty for the late payment of rent unless the landlord gave the tenant written notice at the time they entered into the rental agreement that a penalty, up to 4% of one month's rent, may be charged for the late payment of rent. [PL 1987, c. 215 (NEW).] SECTION HISTORY PL 1987, c. 215 (NEW). PL 1987, c. 605 (AMD). SECTION HISTORY PL 1989, c. 484, §4 (NEW). MRSA T. 14 §6029, sub-§3 (RP).