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Late Rent Interest Calculator

Calculate Late Rent Interest





Formula

The formula to calculate the interest due on late rent payments is:

ID=RA×(IR100×365)×DL

Where:

What is Late Rent Interest?

Late rent interest is the additional money owed by a tenant when rent payments are not made on time. It is calculated based on the agreed-upon annual interest rate in the lease or rental agreement. This interest compensates the landlord for the delay in payment and is typically calculated on a daily basis from the day the rent was due until the day it is paid.

Example Calculations

Let's assume the following values for two examples: