Late Rent Calculator

The Late Rent Calculator helps tenants and landlords determine the late rent fee based on the monthly rent, the number of days rent is overdue, and the daily late fee percentage.

Formula:

The late rent is calculated using the formula:

\[ LR = MR \times D \times \frac{P}{100} \]

Where:

• LR is the Late Rent fee ($)
• MR is the Monthly Rent ($)
• D is the number of days rent is late
• P is the Late Rent fee percentage per day

Example:

If the monthly rent is $1,000, the rent is 5 days late, and the late fee is 2% per day:

\[ LR = 1000 \times 5 \times \frac{2}{100} = 100 \text{ dollars} \]

The late rent fee would be $100.

How to Calculate Late Rent:

1. Input the monthly rent.
2. Enter the number of days the rent is late.
3. Provide the late rent fee percentage per day.
4. Click Calculate to determine the Late Rent.

This tool simplifies the process of calculating late fees for landlords and tenants.