How do you calculate late fees on rent that is pass due? On the rent only due that month or the balance of the

In Property Management - Asked by Fred M. - Apr 29, 2013
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Answer(s)

James O.
Broker/Agent
Toledo, OH

Only on the month the rent is due.

Apr 29, 2013
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Mari R.
Listing Administrator
Naperville, IL

Depends on what you have written in your lease for past due rent.

May 1, 2013
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Glen W.
Lender/Mortgage Broker
Atlanta, GA

The late fee should be explicitly spelled out in the lease. It can vary based on how the lease was written, but typically it is based on the month the rent is late.

Mar 6, 2014
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