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 * %/100

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

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 ($)