Guaranty or Guarantee of Payment of Rent - District of Columbia 2025

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A guarantor on a lease is someone who legally agrees to take on the financial obligations of the leaselike paying rentif the tenant cannot.
Authorized fees for the payment of rent beyond 5 days after the rent payment is due. (a) Pursuant to subsection (b) of this section, a housing provider may charge a late fee of no more than 5% of the full amount of rent due by a tenant.
Your housing provider must wait until at least five days after the day the rent is due before charging a late fee, i.e., the sixth of the month when rent is due on the first.
Washington D.C has a rent control law that limits how much housing providers can increase rent each year. The increase is based on the percentage change in the Consumer Price Index. As a landlord, you must provide a tenant with written notice of any rent increases at least 30 days before the increase takes effect.
What Are the Maximum Late Fees By State? StateMaximum Late FeeGrace Period California No limit None specified Colorado $50 or 5% of the rent amount due, whichever is greater. None specified Connecticut No limit 9 days Delaware 5% of the monthly rent 5 days47 more rows
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Lease guarantee insurance The renter or the landlord pays an annual premium for the policy, and if the renter defaults during that year, the owner files a claim. The insurance kicks in and starts making monthly rent payments to the owner until theyve removed the renter and replaced them with a new tenant.
14-4306. No late fee shall be charged to a tenant if full payment of the rent is made within five (5) days of the date on which it is due, or any longer grace period as may be provided in the lease for the rental unit.

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