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IN RE WASHINGTON BANCORPORATION

Bankruptcy No. 90-00597.

126 B.R. 130 (1991)

In re WASHINGTON BANCORPORATION, Debtor.

United States Bankruptcy Court, D. District of Columbia.

April 19, 1991.

Attorney(s) appearing for the Case

Brian Leitch, Marcia B. Kuntz, Washington, D.C., for debtor.

Anne M. Magruder, Susan L. Schor, McLean, Va., for movant.

DECISION REGARDING LANDLORD'S LATE CHARGES AND TIMING OF PAYMENT

S. MARTIN TEEL, Jr., Bankruptcy Judge.

In a prior decision, the court held that the amount owed Annandale Office Center Limited Partnership for administrative rent is fixed by the terms of the lease. 125 B.R. 328. The court now has under consideration the troublesome question whether a late charge of 1% per day, capping at 30%, ought to be allowed the landlord...

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