Late fee for renter's default; owner's recovery of costs and expenses of rent collection and lien enforcement
Ind. Code § 26-3-8-11.5
in effectSec. 11.5. (a) For each month a renter is in default under the rental agreement, an owner may impose and collect a late fee that does not exceed the greater of the following:
(1) Twenty dollars ($20).
(2) Twenty percent (20%) of the monthly rent.
(b) In addition to a late fee authorized under subsection (a), an owner may recover from a renter all reasonable costs and expenses of:
(1) rent collection; and
(2) lien enforcement;
incurred by the owner as a result of the renter's default.
As added by P.L.36-2018, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/26Fetched: 10/17/2026