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For housing near this school, what late-fee limits should an Iowa rental owner build into a lease?

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College of the Holy Cross

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Luther College

For monthly rent of$700 or less, section 562 A.9(4) caps late fees at$12 per day and$60 per month. Above$700, the caps are$20 per day and$100 per month. These limits are not permission to impose a fee absent valid lease terms.

Sources checked

Wartburg College

For monthly rent of$700 or less, section 562 A.9(4) caps late fees at$12 per day and$60 per month. Above$700, the caps are$20 per day and$100 per month. These limits are not permission to impose a fee absent valid lease terms.

Sources checked

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