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ANY INTEREST EARNED UPON THE TENANT SECURITY DEPOSIT SHALL ACCRUE FOR THE BENEFIT OF AND SHALL BE PAID TO THE LANDLORD OR AS THE LANDLORD DIRECTS. SUCH INTEREST IF ANY MAY BE WITHDRAWN BY LANDLORD OR AGENT FROM SUCH ACCOUNT AS IT ACCRUES AS OFTEN AS IS PERMITTED BY THE TERMS OF THE ACCOUNT. State law provides that the late fee may not exceed 15. 00 or five percent 5 of the rental payment whichever is greater. SUMMARY EJECTMENT ADMINISTRATIVE FEE see paragraph 16 3. Late Payment Fees and Returne ...

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