Which of the following is true regarding late fees in Montana?

The assertion that late fees must be related to the lease agreement is accurate. In Montana, any fees, including late fees, should align with the terms specified in the lease. This means that the lease must clearly articulate how and when late fees will be assessed in order for them to be enforceable. The rationale behind this requirement is to ensure transparency and fairness for both landlords and tenants, as it prevents any unexpected fees that are not previously disclosed in the lease.

Regarding the other choices, while some states might impose restrictions on the amount of late fees that can be charged, Montana does not have a blanket limit of $100; instead, it requires that such fees be stipulated in the lease. Similarly, late fees are not automatically imposed without notice; tenants should be informed of late charges as specified in the lease. Lastly, late fees can apply to both residential and commercial leases, not limited solely to commercial agreements.