Setting a maximum fee for the late payment of rent under the residential landlord and tenant act.

SB 388 limits late rent fees in Kansas to a maximum of 5% of the monthly rent amount, as specified in a rental agreement. This applies directly to landlords and tenants in residential rental agreements across the state. The bill requires that any late fee charged must not exceed this 5% cap, replacing any higher fees previously allowed under lease terms. It amends the existing residential landlord-tenant law to establish this clear financial boundary for late payments.