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Late Fee

A charge added when rent arrives after the due date or grace period. Many states cap the amount or percentage and require that it be spelled out in the lease.

At a kitchen table, a landlord and a tenant look at the lease, a payment envelope and a desk calendar
  1. Set the fee in the lease
  2. Charged when rent arrives late
  3. Allow the grace period

Where it matters

Look up the term in your agreement, report or local rule. Save the source and date so you can check the wording later.

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This page is general education. The current law, program rules, and specific housing records determine how a rental home is treated. Rentari provides software and written guides, not legal advice or licensed property management.

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