Is your tenant late with the rent? Has your landlord neglected to make repairs? Serve them with one of these easy-to-use Landlord and Tenant Notice Forms for Newfoundland and Labrador.
Q. Am I allowed to charge a late fee if my tenant doesn't pay the rent on time?
A. Yes, under the Newfoundland and Labrador Residential Tenancies Act, 2000, a landlord has the right to charge a late fee of $5 on the first day that the rent is late and $2 per day thereafter, up to a maximum of $75.
Q. What am I required to do with the tenant's security deposit?
A. The landlord must give the tenant a receipt which identifies the rental premises for which the deposit is being paid, the date it was paid and the amount. The maximum you can charge for a security deposit is 75% of the first month's rent. The money must be deposited in an interest bearing account located within Newfoundland and Labrador, no later than two days after you receive it.
Q. How soon after the tenant moves out do I have to return the security deposit?
A. You have 15 days after the tenant vacates the premises to refund the deposit and accrued interest, less any amounts that are being retained for unpaid rent, utilities or damages to the property.