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
- October 20, 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.
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 $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]
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
Ohio statutory interest rate by calendar year (Tax Commissioner, R.C. 5703.47)
| Period | Rate per year |
|---|---|
| 2027 | 7.00% |
| 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% |
Source: official rate table · checked .
Maximum late fee in Ohio — written B2B contracts
No statutory cap
Basis: ORC 1343.01(B)(6),(B)(1).
About this page
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 .
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 Ohio has its own rules for it. Nothing on this page is legal advice.
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
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.
The 2026 rate (7%) applies through December 31, 2026, and the 2027 rate (7%) from January 1 through December 31, 2027; the Department of Taxation lists both on its interest rates page (read October 30, 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.
Not legal advice. Figures were last verified on the date shown; check the cited statute before charging a late fee.