Can a Landlord Charge Interest on Rent Arrears?
Landlords are ultimately out to make money, so they tend to do whatever they can to make the most possible. Sometimes, this means they will do questionable things to get money from their tenants. It's important to make sure you know everything that is in your lease so that your landlord doesn't get away with asking for things they aren't allowed to. Also, before you sign a lease, ensure there is nothing in it that you don't agree with. If you're renting, you might be wondering, 'can a landlord charge interest on rent arrears?' This guide will cover that question and more.
When it comes to being a tenant, there are a lot of things you should be aware of. For instance, you should know:
- How much notice is required to ask you to move out
- Your general tenant rights
- What an acceptable rent increase is
- What you need to do to end your tenancy
- What an end of tenancy letter looks like
- How you can get your security deposit back
- How to kick out a roommate
- What to do if your landlord threatens to evict you
If you are having issues with your landlord, DoNotPay is happy to help.
What Are My Rights as a Tenant?
As a tenant, you have certain rights guaranteed to you.
- The property must be safe and in a good state of repair
- You can challenge excessively high charges
- You should remain undisturbed while living at the property
- Receive your deposit back after your tenancy
- Know who your landlord is
- Have access to an Energy Performance Certificate for your rental property
- Certain protections against unfair rent or evictions
- Access to basic necessities like heat and running water
Can You Be Charged Interest on Rent Arrears?
If you are late making a rent payment, you might be concerned about having to pay more money. An arrear is a money you should have already paid, such as a late rent payment. A landlord can only charge you interest on an arrear if the following circumstances are met.
|Should your tenancy agreement states that you can be charged extra for late payments?||Yes|
|Should the rent has outstanding for fourteen or more days?||Yes|
Solve Your Renting Issues With the Help of DoNotPay
At DoNotPay, we can help you with a lot of issues you might face while renting. For example, getting your security deposit back, knowing what eviction protections you are covered by, resolving repair disputes, resolving roommate disputes, and breaking your lease early.
If you are having issues with your landlord trying to charge you money they aren't allowed to charge, you might consider breaking your lease. When a landlord tries to break one rule, there is a decent chance they will try to break other ones, so it is wise to get out of the situation if possible.
If you want to break your lease, head to DoNotPay and follow these four easy steps:
- Search for and open the Landlord Protection product on DoNotPay.
- Select which issue applies to you.
- Answer a simple set of questions so our chatbot can collect the necessary information to create your demand letter.
- Choose whether you want DoNotPay to send the demand letter to your landlord or roommate on your behalf. If you already tried sending a demand letter and it didn't work, we can help you start the small claims court process.
And that's all! You should hear back from your landlord after your demands are sent.
Why Use DoNotPay to Solve Your Rent Issues
DoNotPay is a helpful resource that can help you with a wide variety of issues that you face in your daily life. Here are three reasons why you should use DoNotPay to help with your rent issues.
- It's fast: It only takes a few minutes out of your day to give us the information we need.
- It's easy: You give us a bit of information, and we handle the rest.
- It's successful: You can rest assured that DoNotPay will help you get your rent/landlord issue handled.
DoNotPay Works Across All Companies/Entities/Groups With the Click of a Button
We are happy to help you with your landlord/rent woes, but that is just the tip of the iceberg of what we can do for you. With our ability to work with many companies, we can assist you with quite a few different tasks. Here are some examples.
- Take someone to small claims court
- Learn more about how to get standardized legal documents
- Learn how to get any needed document notarized
Renting is a great way to live on your own or with roommates without having to worry about the upkeep of the place you are renting. However, some landlords try to get away with things that they aren't allowed to do. For example, a landlord might try to charge you interest if you make a late rent payment. However, that is only acceptable under specific circumstances. If you need help dealing with a sneaky landlord, DoNotPay can help. Join us to protect your rights!