What is the late fee for $700 rent?

The new maximum late fees have a late fee amount for rent under $700.00 and a late fee amount for over $700.00.

What would the allowable late fee be if the rent is EXACTLY $700.00?

Here is the house file to review:

https://landlordsoflinncounty.org/wp-content/uploads/gravity_forms/6-f611a39d8804ae52a438df12f1d8746c/2013/10/House-File-495.docx

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