3 Responses to âWarning against use of Vicks VapoRub in babies and toddlersâ. On January 22nd, 2009 at 9:38 am. Lisa says... I donât think a lot of people realize that Vickâs makes a special vaporub made especially for babies. Itâs called Vickâs BabyRub and it is safe for infants and toddlers.
So, basically, the CRLTO puts a cap on a lessorâs late fees. If the tenantâs monthly rent is $1000, then the maximum late fee that can be charged is $35.00. Thatâs a total, not a daily amount nor an amount that compounds or increases over time.
Late charges that increase each day the rent is late could be considered interest charged at a usurious rate. For example, ten dollars per day for a rent of $1,000 is 3,650% annual interest. Instead, charge $10 for the first day, $5 for each subsequent day, but cap it at 5% of the total rent. Donât disguise late fee charges by giving âdiscountsâ for early payment.