Minnesota Late Fee Calculator
Your late fee
$100.00
At the legal limit
Paid 12 days late; the lease has no grace period.
The lease asks for $100.00, exactly the most Minn. Stat. § 504B.177(a) permits on these figures.
- Days past due
- 12 days
- Grace period ends
- No grace period
- Earliest fee date
- October 20, 2026
- Lease late fee
- 8% of $1,250.00 = $100.00
- Legal maximum
- $100.00
- Rent + late fee
- $1,350.00
Limit set by Minnesota (8% of the overdue rent): $100.00
8% × $1,250.00 overdue rent = $100.00
Late rent notice builder
[Your name or company]
Date: October 31, 2026
To: [Tenant name]
[Rental property address]
Re: Overdue rent for [Rental property address]
Dear [Tenant name],
This letter is a reminder that the rent of $1,250.00 for [Rental property address] was due on October 19, 2026. As of October 31, 2026, $1,250.00 of it is still unpaid (12 days past due).
Your lease provides for a late charge, which comes to $100.00.
Amount now due
- Unpaid rent
- $1,250.00
- Late charge
- $100.00
- Total
- $1,350.00
Please pay $1,350.00 at your earliest opportunity.
If this letter crossed with your payment, please disregard it.
Regards,
[Your name or company]
Legal rate when no rate is contracted in writing. Once a claim/suit is noticed, a separate court-set rate applies (2026: 4% up to $50,000; 10% above).
Late fee breakdown
- Interest owed
- —
- Daily rate
- —
- Total (invoice + interest)
- —
Still unpaid? Generate a formal demand letter
Interest at 6% a year
| Invoice amount | 30 days late | 60 days late | 90 days late |
|---|---|---|---|
| $1,000.00 | $4.93 | $9.86 | $14.79 |
| $5,000.00 | $24.66 | $49.32 | $73.97 |
| $10,000.00 | $49.32 | $98.63 | $147.95 |
Maximum late fee in Minnesota — written B2B contracts
Conditional cap Fed 90-day CP discount +4.5% (under $100k).
Basis: Minn. Stat. §§ 334.01 subd.2, 334.011.
About this page
Minnesota rent late fee law
Minnesota: tenant and landlord must have agreed in writing that a late fee may be imposed, and when; the fee can never be more than 8% of the overdue payment.
(a) A landlord of a residential building may not charge a late fee if the rent is paid after the due date, unless the tenant and landlord have agreed in writing that a late fee may be imposed. The agreement must specify when the late fee will be imposed. In no case may the late fee exceed eight percent of the overdue rent payment.
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 Minnesota has its own rules for it. Nothing on this page is legal advice.
What Minnesota law says about invoice interest
The interest for any legal indebtedness shall be at the rate of $6 upon $100 for a year, unless a different rate is contracted for in writing. No person shall directly or indirectly take or receive [...] any greater sum, or any greater value, for the loan or forbearance of money, goods, or things in action, than $8 on $100 for one year.
Credit of $100,000+ is uncapped. Business loans under $100k get a higher floating ceiling (Fed 90-day CP discount +4.5 pts), so an ordinary smaller invoice is still capped.
Subd. 2. Contracts of $100,000 or more. Notwithstanding any law to the contrary, except as stated in section 58.137, and with respect to a conventional loan or contract for deed, section 47.20, subdivision 4a, no limitation on the rate or amount of interest, points, finance charges, fees, or other charges applies to a loan, mortgage, credit sale, or advance made under a written contract, signed by the debtor, for the extension of credit to the debtor in the amount of $100,000 or more [...] 334.011 Subdivision 1. Permitted rate. Notwithstanding the provisions of any law to the contrary a person may, in the case of a contract for the loan or forbearance of money, goods, or other things in action in an amount of less than $100,000 for business or agricultural purposes, charge interest at a rate of not more than 4-1/2 percent in excess of the discount rate on 90-day commercial paper in effect at the Federal Reserve Bank in the Federal Reserve District encompassing Minnesota.
Minnesota court interest rate once a claim is made (litigation only)
2026: 4% for a judgment or award of $50,000 or less; 10% above $50,000. This is not the contract-silent default above: it applies to pecuniary damages from the commencement of the action or a demand for arbitration, or a written notice of claim, whichever occurs first. The figure for $50,000 or less is reset each calendar year. The 2026 figure for $50,000 or less: the one-year constant maturity Treasury yield for November 2025 was 3.66% (Federal Reserve H.15, series GS1), which rounds to 4%, and 4% is also the statutory floor.
Except as otherwise provided by contract or allowed by law, preverdict, preaward, or prereport interest on pecuniary damages shall be computed as provided in paragraph (c) from the time of the commencement of the action or a demand for arbitration, or the time of a written notice of claim, whichever occurs first [...] This yield, rounded to the nearest one percent, or four percent, whichever is greater, shall be the annual interest rate during the succeeding calendar year. [...] (2) For a judgment or award over $50,000 [...] the interest rate shall be ten percent per year until paid.
Not legal advice. Figures were last verified on the date shown; check the cited statute before charging a late fee.