Configure grace periods, set flat or percentage-based late fees, enable auto-apply, and stay compliant with state-specific caps.
Set up late fee rules that auto-apply when tenants miss the deadline.
Navigate to Settings → Payments → Late Fees. You can set defaults for all properties or customize per-property.
Enter the number of days after the due date before a late fee applies. Common: 3–5 days. Some states mandate a minimum grace period.
Select Flat Fee (e.g., $50), Percentage (e.g., 5% of rent), or Daily Fee (e.g., $10/day). The system enforces state caps automatically.
Toggle "Auto-Apply Late Fees" on. When a payment isn't received by the grace period deadline, the fee is automatically added to the tenant's balance.
Set when tenants receive late fee warnings: on the due date, end of grace period, and when the fee is applied.
Configure everything from one page with state compliance built in.
Late fee laws vary by state. My Rental Spot enforces your state's limits.
About late fees and grace periods.
State-compliant late fees that apply automatically — no manual tracking.