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.
The amount of the late fee should vary based on the price of the rental. A $50 charge for a late rental payment is sufficient for a $1000 a month rental. For someone paying $5,000 a month to rent an apartment, a $50 late charge will not seem like much. In this case, something more in the $250 range would be sufficient.