Understanding Late Fee Configurations

Chasing down late rent is stressful enough without having to manually calculate penalties. Landager allows you to embed your specific late fee policy directly into the Lease ContractPreview unavailable.

How to Configure Late Fees

When creating or modifying an active leasePreview unavailable, locate the Late Fee Configuration section at the bottom of the form.

1. The Grace Period

• The Grace Period (Days) defines how long the tenant has to pay rent after the lease's rent due day before a penalty applies. If the lease has no grace period, the default for the property's location applies.
• Example: If the rent due day is the 1st of the month, and you set a grace period of 5 days on this specific lease, the tenant has until the 5th to pay. The late fee activates on the 6th.

2. The Fee Type

Select how the penalty is calculated:

• Flat Amount: A fixed dollar penalty (e.g., exactly $50) regardless of the rent total.
• Percentage: A penalty calculated against the base rent (e.g., 5% of a $1,000 rent = $50).

3. The Amount

Enter the integer corresponding to your chosen type (e.g., 50 for $50, or 5 for 5%).

How the System Uses This Data

These rules are fully automated.

When a rent charge is still unpaid after the lease's grace period, it is automatically marked Late and the lease's late fee is added once to the total due.

When you proceed to Log the Manual PaymentPreview unavailable later, the late fee is already included in the charge's balance.

Legal Best Practices

[!WARNING] Ensure your Landager configuration perfectly matches the signed PDF.

The late fee rules you configure in Landager must exactly mirror the terms written in the actual legal contract you uploaded to the leasePreview unavailable.

If the signed PDF says the grace period is 3 days, but you configure 5 days in Landager, you create an internal operational conflict that will cause confusion during disputes. Always configure these fields with the signed contract physically in front of you.