Lacona, NY Late Fee Limits 2026
Late fees in Lacona are capped at 5% of rent ($69 at median rent). Charge more and tenants sue to recover — courts void excessive fees regardless of what the lease says.
In New York, late fees must be reasonable and proportional to actual damages from late payment. The cap is 5% of rent. A 5-day grace period applies.
This applies to properties in Lacona, NY. Check all requirements for your property →
Key Takeaways — Lacona Late Fee Limits
- Key rule: 5% Max or Tenants Sue
- Violation risk: face a lawsuit
Late Fee Limits in Lacona
Lacona landlords must follow New York state law on late fee limits. Understanding the specific rules, deadlines, and penalties can prevent costly violations.
$1,392
median 2BR rent
5% Max or Tenants Sue
key requirement
Penalty Warning
Violate New York late fee limits rules in Lacona and you could face a lawsuit. At Lacona's median rent of $1,392/month, even a single violation adds up fast.
Lacona Rental Market Context
Lacona is the 485th-largest city in New York (population 668). With a median 2-bedroom rent of $1,392/month, it falls in the above-average range for New York rental costs — 2% above the state median of $1,360/month.
How Lacona Compares in Oswego County
Lacona ranks #8 of 11 cities in Oswego County by population. Because late fee limits rules are often tied to rent amounts, costs vary across the county.
| City | Population | Median Rent | Late Fee Limit |
|---|---|---|---|
| Oswego | 17,022 | $1,392/mo | $69 max |
| Fulton | 11,248 | $1,392/mo | $69 max |
| Pulaski | 2,269 | $1,392/mo | $69 max |
| Phoenix | 2,201 | $1,392/mo | $69 max |
| Central Square | 1,840 | $1,392/mo | $69 max |
| Mexico | 1,557 | $1,392/mo | $69 max |
| Cleveland | 731 | $1,392/mo | $69 max |
| Lacona | 668 | $1,392/mo | $69 max |
| Sandy Creek | 621 | $1,392/mo | $69 max |
| Hannibal | 538 | $1,392/mo | $69 max |
| Parish | 445 | $1,392/mo | $69 max |
Rents based on HUD Fair Market Rents (FY2026) for Oswego County, New York. All cities follow New York state law unless a local ordinance applies.
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Late Fee Limits by Unit Size in Lacona
Late fee caps scale with rent. Here's the maximum by unit type:
| Unit Size | Median Rent | Max Late Fee (5%) |
|---|---|---|
| Studio | $995/mo | $49 |
| 1-Bedroom | $1,123/mo | $56 |
| 2-Bedroom | $1,392/mo | $69 |
| 3-Bedroom | $1,691/mo | $84 |
Rents based on HUD Fair Market Rents (FY2026) for Oswego County.
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More Lacona Landlord Laws
Late Fee Limits in Nearby Cities
Own properties in multiple cities? Rules may differ locally:
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Not ready to start? Get the free Late Fee Limits checklist for New York landlords.
Download Free ChecklistReviewed by Rachid Abadli
Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019
LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.
