Late Fee – According to the statutes of Maine, landlords are not permitted to impose a late fee or initiate eviction proceedings until the conclusion of the fifteen-day grace period, as stipulated under § 6028(1).
Notice to Quit – In the event that a tenant fails to make rent payment within the agreed grace period, it would be appropriate for the landlord to issue a formal notice to vacate the premises within a period of seven days, 7-day notice to quit.
Maximum – the maximum penalty for late rent payment is 4% of monthly rent and must be included in the lease agreement.
NSF Fee – Landlords have the right to charge a fee of 12% of the rent amount in the event of a bounced check.
Source: § 6028(1)