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Based on the category chosen originally -- commercial leasing -- your answer must be contained in the lease you signed. You can consult with your own counsel to verify that the lease late fee is legal in Colorado.

As to condominiums: read your governing documents, including the fine schedule to ascertain the maximum late fee your association can charge.

Regardless of the real estate definition of the property in which you find yourself, be aware, however, that if you are consistently behind in your payments, late fees compile on top of late fees, so that you end up paying what can appear to be very large late fees.

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Q: What is the maximum late fee allowed in Colorado?
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