47-8-15. Payment of rent.
A. The resident shall pay rent in accordance with the rental agreement. In the
absence of an agreement, the resident shall pay as rent the fair rental value for the use
of the premises and occupancy of the dwelling unit.
B. Rent is payable without demand or notice at the time and place agreed upon by
the parties. Unless otherwise agreed, rent is payable at the dwelling unit. Unless
otherwise agreed, periodic rent is payable at the beginning of any term of one month or
less and otherwise in equal monthly installments at the beginning of each monthly
period. The date of one month to the same date of the following month shall constitute
a term of one month.
C. Unless the rental agreement fixes a definite term, the residency is week-to-week
in the case of a person who pays weekly rent and in all other cases month-to-month.
D. If the rental agreement provides for the charging of a late fee and if the resident
does not pay rent in accordance with the rental agreement, the owner may charge the
resident a late fee in an amount not to exceed five percent of the rent for each rental
period that the resident is in default. Late fees shall be calculated only based on rent.
Rent calculations to determine late fees shall not include deposits, additional fees or
utilities. To assess a late fee, the owner shall provide notice of the late fee charged no
later than the last day of the next rental period immediately following the period in which
the default occurred.
E. An owner may not assess a fee from the resident for occupancy of the dwelling
unit by a reasonable number of guests for a reasonable length of time. This shall not
preclude charges for use of premises or facilities other than the dwelling unit by guests.