Property Management
A Florida property management company wants to collect late fees from tenants. Late fees must be:
ADetermined by the county government
BSpecified in the lease agreement and comply with Florida statutes✓ Correct
CSet at exactly 5% by Florida law
DApproved by FREC
Explanation
Late fees in Florida residential leases must be specified in the written lease agreement. Florida law (Chapter 83 F.
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