Indiana Late Fee Calculator

No cap no late fee section in the law we read
Rent limit
None in IC 32-31
Earliest fee day
–
Statute
IC 32-31
Checked
What was not paid on time. Copies the rent until you type here.
How the lease sets the late fee
How many days the lease gives before a late fee; 0 if none.

Your late fee

$62.50

Paid 12 days late; the lease has no grace period.

Days past due
12 days
Grace period ends
No grace period
Earliest fee date
October 20, 2026
Lease late fee
5% of $1,250.00 = $62.50
Rent + late fee
$1,312.50

Indiana: IC 32-31 contains no late fee provision, so there is no legal cap or waiting period to apply; only your lease terms count.

Late rent notice builder

8% legal default rate (contract silent)
Max written B2B rate
No general civil cap for written B2B contracts — consumer-credit caps don't apply to business-purpose debts.
Cap regime
No statutory cap
Statute
Ind. Code §§ 24-4.6-1-102, -103
Verified
— how we verify · changelog

Legal rate on overdue contract debts when the contract specifies no rate.

Pre-filled with Indiana's statutory default (8%), which governs only when the contract names no rate; a rate stated in your contract replaces it.

Interest at 8% a year

Interest owed on an overdue invoice in Indiana at 8% per year
Invoice amount30 days late60 days late90 days late
$1,000.00$6.58$13.15$19.73
$5,000.00$32.88$65.75$98.63
$10,000.00$65.75$131.51$197.26

Maximum late fee in Indiana — written B2B contracts

No statutory cap

Basis: Ind. Code §§ 24-4.5-3; 35-45-7-2.

About this page

Indiana rent late fee law

Indiana Code article 32-31, the landlord-tenant law, contains no late fee provision, so it neither caps a late rent fee nor gives a grace period.

Read in full for this check: Indiana Code, Title 32, article 31 (Landlord-Tenant Relations). Official source, read from the copy archived on 2026-09-29 · checked .

Before you send the late rent notice: it is a reminder letter about overdue rent and a late charge, not an eviction notice. A notice to pay rent or quit is a separate document, and Indiana has its own rules for it. Nothing on this page is legal advice.

What Indiana law says about invoice interest

Sec. 102. When the parties do not agree on the rate, interest on loans or forbearances of money, goods or things in action shall be at the rate of eight percent (8%) per annum until payment of judgment.
— Ind. Code § 24-4.6-1-102 (Sec. 102), "Rate in absence of agreement" — Indiana Code, Office of Code Revision, Indiana Legislative Services Agency. Read it at the official source · row verified 2026-08-19.

No civil usury cap on written B2B contracts; consumer caps don't reach business debts. Only outer bound is the 72%/yr criminal loansharking line — far above any trade late fee.

Not legal advice. Figures were last verified on the date shown; check the cited statute before charging a late fee.