You are ten days late in your monthly rent's payment. Your landlord tells you that you now also have to pay a "late fee" of $150, in accordance with your lease. You look at your lease and you discover a provision, titled "late fee", which stipulates as follows: "If the rent or any other charges are not received by the Landlord on or before ten days after the rent due date, tenant must pay a late fee of $150 in addition to the rent." What would you do? Will you pay the late fee? Will you risk being evicted or sued by your landlord?

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If I were in this situation I would first assess my financial situation and the terms of ... View the full answer