Penalty in Contract for Late Payment

This question and answer were automatically translated using our trained AI and have not yet been reviewed by a qualified rabbi. Please treat this translation with caution.
go to original →

Question

I rented out an apartment, and the contract states that if the tenant leaves the apartment without settling his obligations, he must pay an additional fee. Am I allowed to claim this amount?

Answer

After the tenant has left the apartment, it is forbidden to demand more money for the late payment. Therefore, in rental contracts that include a clause stating that after the tenant leaves the apartment, he must pay an additional fee for late payment, this constitutes a prohibition of usury, and the same applies to sales contracts.

Comments

Have an additional question on this topic or need clarification? Leave your comment below. (Please note that the comment will not be published but will be sent directly to the answering Rabbi for review and a private response)

Please sign up or log in to submit your comment

Become our patrners in supporting and spreading the Torah
Help us answer more questions faster and better
Join the mission
More questions in this category
Tzedaka and maaser purposes
Monetary Laws and Charity
Different objects
Tzedaka and maaser purposes