This Briggs & Stratton home generator provides reliable This Briggs & Stratton home generator provides reliable backup power for homeowners during a power outage. This generator makes sure your appliances stay on so you and your family arenât left in the dark.
Percentage late fee: A percentage late fee is calculated as a percentage of the rent payment and ranges from 4 to 8 percent of the monthly rental rate. The customary late fee percentage for late rent payments is either 5 or 6 percent, but be aware that some states have legal limits on late charges expressed as a percentage of the rent.
Red Residential's Guides to Renting explains this calculation more fully. Rent is often listed as a rate per week. Red Residential calculates the PCM rate by multiplying the weekly rent by 52 and dividing by 12. When a rental contract that identifies the rent to be paid per calendar month is drafted, the tenant owes the stated amount each month. Red Residential assures that tenants paying weekly or monthly pay the same amount over a six or 12-month contract.