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**

- First, determine the monthly rent ($). In this example, the monthly rent ($) is given as 1500 .
- Next, determine the number of days rent is late. For this problem, the number of days rent is late is given as 5 .
- Next, determine the late rent % fee per day. In this case, the late rent % fee per day is found to be 1.
- 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** **($)