Paragon, IN Late Fee Limits 2026
Late fees in Paragon must be reasonable. Charge more and tenants sue to recover — courts void excessive fees regardless of what the lease says.
In Indiana, late fees must be reasonable and proportional to actual damages from late payment. There is no specific statutory cap, but courts void excessive fees. Grace periods are typically set by the lease.
This applies to properties in Paragon, IN. Check all requirements for your property →
Key Takeaways — Paragon Late Fee Limits
- Key rule: Must Be Reasonable
- Violation risk: face a challenge in court
Late Fee Limits in Paragon
Paragon landlords must follow Indiana state law on late fee limits. Understanding the specific rules, deadlines, and penalties can prevent costly violations.
$1,473
median 2BR rent
Must Be Reasonable
key requirement
Penalty Warning
Violate Indiana late fee limits rules in Paragon and you could face a challenge in court. At Paragon's median rent of $1,473/month, even a single violation adds up fast.
Paragon Rental Market Context
Paragon is the 394th-largest city in Indiana (population 565). With a median 2-bedroom rent of $1,473/month, it falls in the premium range for Indiana rental costs — 46% above the state median of $1,008/month.
How Paragon Compares in Morgan County
Paragon ranks #6 of 6 cities in Morgan 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 |
|---|---|---|---|
| Martinsville | 11,946 | $1,473/mo | Reasonable |
| Mooresville | 9,859 | $1,473/mo | Reasonable |
| Brooklyn | 2,580 | $1,473/mo | Reasonable |
| Monrovia | 2,208 | $1,473/mo | Reasonable |
| Morgantown | 1,003 | $1,473/mo | Reasonable |
| Paragon | 565 | $1,473/mo | Reasonable |
Rents based on HUD Fair Market Rents (FY2026) for Morgan County, Indiana. All cities follow Indiana state law unless a local ordinance applies.
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Rents based on HUD Fair Market Rents (FY2026) for Morgan County.
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More Paragon 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 Indiana 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.
