Property Management
Under Oregon ORLTA, a landlord may charge a late fee when rent is paid late. The fee is:
AA maximum of $50 per day
BLimited to a reasonable amount as specified in the rental agreement, with a maximum of 5% of the monthly rent✓ Correct
CUnlimited if specified in the rental agreement
DNot allowed under Oregon law
Explanation
Oregon ORLTA (ORS 90.260) permits late fees if specified in the rental agreement.
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