Enter the monthly rent ($), the number of days rent is late, and the late rent % fee per day into the calculator to determine the Late Rent. 

Late Rent Formula

The following formula is used to calculate the Late Rent. 

LR = MR * D * P/100
  • Where LR is the Late Rent ($)
  • MR is the monthly rent ($) 
  • D is the number of days rent is late 
  • P is the late rent % fee per day 

To calculate a late rent fee, multiply the monthly rent by the number of delays late, then again by the late rent fee percentage per day over 100.

How to Calculate Late Rent?

The following example problems outline how to calculate Late Rent.

Example Problem #1

  1. First, determine the monthly rent ($). In this example, the monthly rent ($) is given as 1500 .
  2. Next, determine the number of days rent is late. For this problem, the number of days rent is late is given as  5 .
  3. Next, determine the late rent % fee per day. In this case, the late rent % fee per day is found to be 1.
  4. Finally, calculate the Late Rent using the formula above: 

LR = MR * D * %/100

Inserting the values from above yields: 

LR = 1500 * 5 * 1/100 = 75 ($)

Example Problem #2

The variables needed for this problem are provided below:

monthly rent ($) = 1100

number of days rent is late = 10

late rent % fee per day = 2

Entering these values and solving gives:

LR = 1100 * 10 * 2/100 = 220 ($)