What should I charge for late fees on rent? What do most landlords charge?

Answer by  patti (29325)

You can charge a flat fee for late rent payments, a daily fee or a percent of the rent. Just make sure you detail this charge in the rental agreement so there is no confusion later.

Answer by  noey1958 (1405)

Most states have statutes available on the state website. Most landlords will charge either nothing or 10%. Some give a fixed $25 amount per months rent. The price is basically up to you.

Answer by  mdjames26 (533)

This depends on the area of country you are in and the type of residence that you are renting. If you are in the northeast then the fees are higher than in the midwest or south. Typically $50 to $150 is aceeptable in most areas.