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Rental Property

What's a fair late rent policy?

3–5 day grace period, then 5–10% late fee plus per-day fee in some states.

Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice

Direct answer

3–5 day grace period, then 5–10% late fee plus per-day fee in some states.

Expanded explanation

Consistency matters more than amount. Enforce same policy on day 1 every month or court won't enforce against repeat offenders.

Examples

  • Due 1st, grace through 5th, $75 late fee on 6th.

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