Virginia Late Fee Calculator

10% most a lease may charge as a late fee
Rent limit
10% of the monthly rent or the overdue rent, if smaller
Earliest fee day
Not set by this rule
Statute
Va. Code § 55.1-1204(E) (read on an unofficial copy)
Checked
What was not paid on time. Copies the rent until you type here.
How the lease sets the late fee
Pre-filled with the Virginia limit; type the figure from your lease.
How many days the lease gives before a late fee; 0 if none.

Your late fee

$125.00

At the legal limit

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

The lease asks for $125.00, exactly the most Va. Code § 55.1-1204(E) permits on these figures.

Days past due
12 days
Grace period ends
No grace period
Earliest fee date
October 20, 2026
Lease late fee
10% of $1,250.00 = $125.00
Legal maximum
$125.00
Rent + late fee
$1,375.00

Limit set by Virginia (10% of the monthly rent or the overdue rent, if smaller): $125.00

10% × $1,250.00 smaller amount = $125.00

Virginia names no earliest day for a late fee in the quoted law; the earliest fee date above follows the lease's grace days.

Late rent notice builder

Who it is from and to
Amounts
Taken from the calculator. Set 0 if the rent itself is paid.
Taken from the result; you may change it.
Adds the two above until you type your own figure.
Blank: the letter asks for payment at the earliest opportunity.
Payment and contact
Where and how the tenant can pay.
Late rent notice

[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 $125.00.

Amount now due

Unpaid rent
$1,250.00
Late charge
$125.00
Total
$1,375.00

Please pay $1,375.00 at your earliest opportunity.

If this letter crossed with your payment, please disregard it.

Regards,

[Your name or company]

6% legal default rate (contract silent)
Max written B2B rate
12% general cap — but business/investment loans of $5,000+ are exempt (any agreed rate).
Cap regime
Conditional cap — 12% (deals under $5,000)
Statute
Va. Code §§ 6.2-301, 6.2-303, 6.2-317
Verified
— how we verify · changelog

On open accounts with no written credit agreement, interest accrues AUTOMATICALLY from day 61 after the invoice/billing statement is presented and unpaid — no demand needed.

Pre-filled with Virginia's statutory default (6%), which governs only when the contract names no rate; a rate stated in your contract replaces it. Per the cited statute, interest begins with day 61 after the invoice is presented; the first 60 days are subtracted automatically.
Count from the day the invoice or billing statement was presented, not from its due date: the statute's 60-day period runs from presentation.

Interest at 6% a year

Interest counts from day 61 after the invoice is presented.

Interest owed on an overdue invoice in Virginia at 6% per year
Invoice amount30 days after presentation60 days after presentation90 days after presentation
$1,000.00$0.00$0.00$4.93
$5,000.00$0.00$0.00$24.66
$10,000.00$0.00$0.00$49.32

Maximum late fee in Virginia — written B2B contracts

Conditional cap 12% (deals under $5,000).

Basis: Va. Code § 6.2-317, 6.2-303.

About this page

Virginia rent late fee law

Virginia, Code § 55.1-1204(E): no late charge unless the written rental agreement provides for one, and the charge can be no more than 10% of whichever is smaller, the periodic rent or the balance the tenant still owes.

E. A landlord shall not charge a tenant for late payment of rent unless such charge is provided for in the written rental agreement. No such late charge shall exceed the lesser of 10 percent of the periodic rent or 10 percent of the remaining balance due and owed by the tenant.
— Va. Code Ann. § 55.1-1204(E). Read the copy on codes.findlaw.com (not the state's official site) · 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 Virginia has its own rules for it. Nothing on this page is legal advice.

What Virginia law says about invoice interest

The legal rate of interest shall be an annual rate of six percent. [...] The seller or provider of goods sold or services provided on an open account shall be entitled to, and may collect, interest at the legal rate upon the unpaid balance if [...] the purchaser [...] fails to make payment in full within 60 days [...]. Such interest shall begin to accrue on the day following such 60-day period.
— Va. Code § 6.2-301(A), (C). Read it at the official source · row verified 2026-08-19.

Business/investment loans of $5,000+ are exempt (any rate; usury defense barred). Below $5,000, or for non-business purposes, the 12% cap applies.

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