Ohio Late Fee Calculator
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
- September 29, 2026
- Lease late fee
- 5% of $1,250.00 = $62.50
- Rent + late fee
- $1,312.50
Ohio: R.C. chapter 5321 contains no late fee provision, so there is no legal cap or waiting period to apply; only your lease terms count.
Next step: turn these figures into a late rent notice for the tenant.
Ohio rent late fee law
Ohio's Revised Code chapter 5321, the landlord and tenant law, contains no late fee provision, so that chapter caps no late rent fee and gives no grace period.
Read in full for this check: Ohio Revised Code, chapter 5321 (Landlords and Tenants). Official source, read from the copy archived on 2026-08-03 · checked .
Late rent notice builder
Before you send it: this builds a reminder letter about overdue rent and a late charge. It is not an eviction notice. A notice to pay rent or quit is a separate document, and Ohio has its own rules for it. Nothing on this page is legal advice.
[Your name or company]
Date: October 10, 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 September 28, 2026. As of October 10, 2026, $1,250.00 of it is still unpaid (12 days past due).
Your lease provides for a late charge, which comes to $62.50.
Amount now due
- Unpaid rent
- $1,250.00
- Late charge
- $62.50
- Total
- $1,312.50
Please pay $1,312.50 at your earliest opportunity.
If this letter crossed with your payment, please disregard it.
Regards,
[Your name or company]
How to use the Ohio rent late fee calculator
- Enter the monthly rent and the rent that is overdue.
- Enter the date the rent was due and the date it was paid, or today if it is still unpaid.
- Choose how the lease sets the late fee (percent of rent, flat amount or dollars per day) and type the figure from the lease.
- Enter the grace days written in the lease.
- Read the late fee and the earliest fee date, then copy the figures or print a late rent notice.
Work out interest on an overdue B2B invoice under Ohio law. When the contract is silent, the default is variable — the currently published figure, the official page that sets it, the written-contract cap, and the statute are all on this page. The calculator can apply each calendar year's official rate to the days that fall in it.
Set annually by the Tax Commissioner (federal short-term rate rounded +3 pts); runs from when the money became due and payable.
Late fee breakdown
- Interest owed
- —
- Daily rate
- —
- Total (invoice + interest)
- —
Still unpaid? Generate a formal demand letter — it computes the interest and cites Ohio's statute (ORC 1343.03, 5703.47, 1343.01) for you.
Ohio statutory interest rate by calendar year (Tax Commissioner, R.C. 5703.47)
| Period | Rate per year |
|---|---|
| 2026 | 7.00% |
| 2025 | 8.00% |
| 2024 | 8.00% |
| 2023 | 5.00% |
| 2022 | 3.00% |
| 2021 | 3.00% |
| 2020 | 5.00% |
| 2019 | 5.00% |
| 2018 | 4.00% |
| 2017 | 4.00% |
| 2016 | 3.00% |
The 2026 rate (7%) applies through December 31, 2026. Under R.C. 5703.47(B), as reproduced in the Tax Commissioner's journal entry, the commissioner determines the rate on October 15 each year and it is "the interest rate per annum used in making the computation for interest that accrues during the following calendar year"; R.C. 1343.03(A), quoted on this page, applies that rate. The 2027 rate is added here once the Department of Taxation publishes it.
Source: official rate table · checked .
What Ohio law says about invoice interest
when money becomes due and payable upon any bond, bill, note, or other instrument of writing, upon any book account, [...] the creditor is entitled to interest at the rate per annum determined pursuant to section 5703.47 of the Revised Code, unless a written contract provides a different rate of interest
Quoted verbatim from the linked official source — not our paraphrase. How we source and re-check every row is documented in the data methodology.
Maximum late fee in Ohio — written B2B contracts
No statutory cap
8% written cap is lifted for any 'business loan' with NO dollar floor (and for principal over $100k), so genuine B2B credit may bear any agreed rate.
Basis: ORC 1343.01(B)(6),(B)(1). Compare all 51 jurisdictions in the maximum late fee by state table and cap-regime map.
Rent and invoices follow different laws — consumer debt is not covered
The Invoice tab, the rate card and the statute sections on this page are about business-to-business invoices. Residential rent late fees live in Ohio's landlord-tenant law. Ohio: R.C. chapter 5321 contains no late fee provision, so there is no legal cap or waiting period to apply; only your lease terms count. Consumer credit has separate, stricter rules. The distinction is explained in B2B invoice late fees vs. residential rent.
Use this data
Ohio's row — rate, cap, citation, verbatim quote, verification date — is part of our open 51-jurisdiction dataset: CSV · JSON (CC BY 4.0, cite myinvoicetemplate.com). Set late-fee terms on your next invoice with the free invoice generator, or state them clearly using the wording guidance in the payment terms guide.
Ohio late fee FAQ
Is there a legal limit on rent late fees in Ohio?
Ohio's Revised Code chapter 5321, the landlord and tenant law, contains no late fee provision, so that chapter caps no late rent fee and gives no grace period. Read in full for this check: Ohio Revised Code, chapter 5321 (Landlords and Tenants), checked 2026-10-01. The late fee and grace days in the lease decide.
How do I work out a late fee on rent in Ohio?
Enter the monthly rent, the overdue amount, the date the rent was due and the date it was paid, then the late fee in the lease (a percent of rent, a flat amount or dollars per day) and its grace days. The calculator gives the late fee, the earliest fee date and rent plus fee, and turns them into a late rent notice.
Can I charge late fees on overdue invoices in Ohio?
Yes — on business-to-business invoices. If your contract or invoice states a late-fee rate, that rate governs (subject to the cap rules below). If nothing was agreed: Variable; currently published figure: 7% (2026). Set annually by the Tax Commissioner (federal short-term rate rounded +3 pts); runs from when the money became due and payable. Statute: ORC 1343.03, 5703.47, 1343.01, verified 2026-08-19. Consumer and rent debts follow separate laws.
What is the maximum late fee on a B2B invoice in Ohio?
For a written B2B contract: 8% written cap — lifted for any "business loan" (no dollar floor) and for principal over $100,000: any agreed rate. Basis: ORC 1343.01(B)(6),(B)(1). The full cap analysis is on the Invoice (B2B) tab; this covers business-to-business deals only — consumer credit has stricter separate caps.
What interest applies if my contract doesn't mention late fees in Ohio?
Variable — Set annually by the Tax Commissioner (federal short-term rate rounded +3 pts); runs from when the money became due and payable. Currently published figure: 7% (2026). Confirm the applicable figure via the official page linked on this page before relying on it. Statute: ORC 1343.03, 5703.47, 1343.01.
Where does this data come from, and when was it verified?
Every invoice-interest figure on this page comes from our 51-jurisdiction dataset: each row researched against the controlling statute or the state's official current-rate page, independently re-checked, and stamped with its own verification date — Ohio's row was last verified 2026-08-19. The operative legal text is quoted verbatim on this page with a link to the official source, the methodology is public, every verification pass is logged in the changelog, and the full dataset is downloadable (CC BY 4.0).
Not legal advice. This page summarizes Ohio's commercial-interest statute for general information, with the verification date shown above — it tells you when we last confirmed the figures, not that they are still current today. Statutes change and courts interpret them; verify the cited statute at the official source, or ask a licensed attorney in your state, before charging a late fee or demanding interest.