Are there rent control/rent stabilization policies or laws in Missouri?
The state of Missouri has not established rent control or stabilization. May I charge an application fee, late rent charge or a returned payment fee? Reasonable cost should always be kept in mind when initiating any charges. There are no restrictions or limits placed on the collection of a late charge or application fee. However, a fee not to exceed $25, plus an amount equal to the actual charge by the depository institution is permitted for the return of each unpaid or dishonored instrument. Mo. Rev. Stat. § 570.120 What is the maximum amount I can collect as a security deposit and can I charge a refundable pet deposit over and above the maximum security deposit limit? The security deposit may not exceed an amount greater than two month’s rent. There is no limit on a pet deposit, assuming that it is designated as such and detailed separately within the lease. Do I need a separate bank account for the security deposit? There are no requirements stating that a landlord must place the se
