Calculateur de Pénalité de Retard — Formule

Late Fee Calculation

Late fees compensate landlords for the cost and inconvenience of delayed rent payment.

Structure

Initial Fee = Monthly Rent x Late Fee% (charged after grace period)

Additional Penalty = Daily Rate x Days Beyond Grace + 1

Legal Limits

  • Many states require a grace period (typically 3-5 days)
  • Fees must be reasonable (typically 5-10% of rent)
  • Some states cap total late fees
  • Fees should be clearly stated in the lease

    • Exemple Résolu

    $1,800 rent, 5% late fee, 10 days late, $10/day penalty, 5-day grace period.

    1. Initial late fee: $1,800 x 5% = $90 (charged on day 6)
    2. Penalty days beyond grace+1: 10 - 5 - 1 = 4 days
    3. Daily penalties: 4 x $10 = $40
    4. Total late fee: $90 + $40 = $130
    5. Total owed: $1,800 + $130 = $1,930