My question involves landlord-tenant law in the State of: Arkansas.
I paid my late rent @10% (my rent is 740, late fee of $75). I am able to pay the rent which is not a question, but some time due to certain changes or out of town, not able to pay on time. I dont mind paying late fees/penalty. But paying $75 for the rent of 740 is ridiculous. I complained to the land lord which is of no use. What does the law says, how much penalty/late fee should be paid??