What Is the Grace Period for Most Apartment Rent?

by Neil Kokemuller
Rent payment terms are normally conveyed in a rental agreement.

Apartment landlords typically have no legal obligation to allow a grace period on rent. In fact, a landlord may offer what is referred to as a "pay or quit" notice as soon as the day after a missed payment. However, many landlords do provide a grace period up to five days before taking such actions against tenants. These terms are usually spelled out in your agreement.

A Price for Being Late

The grace period may or may not apply to late fees. In most states, landlords have the legal right to charge reasonable late fees after a missed payment. Your landlord may charge such a fee for each day missed following the payment date, or following the end of the grace period.

About the Author

Neil Kokemuller has been an active business, finance and education writer and content media website developer since 2007. He has been a college marketing professor since 2004. Kokemuller has additional professional experience in marketing, retail and small business. He holds a Master of Business Administration from Iowa State University.

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