Kentucky Rent Late Fee Calculator
Calculate rent late fees and verify compliance with Kentucky state regulations. Free instant calculator with legal compliance verification.
Kentucky law provides a balanced framework for landlords and tenants concerning rent late fees. The state mandates that late fees should not exceed 10% of the monthly rent. Furthermore, a grace period of 5 days is required before any late fee can be imposed, ensuring tenants have a fair opportunity to make rent payments without immediate penalty.(Ky. Rev. Stat. § 383.565)
Regulates the imposition of late fees and other landlord-tenant interactions.
Related Statutes
In Kentucky, late fees are capped at 10% of the monthly rent. This percentage-based approach ensures that the fee is proportionate to the rent amount, maintaining fairness across different rental scenarios. The cap is enforced strictly, and exceeding this limit can lead to legal challenges.
Key Factors:
- The percentage of rent as the maximum late fee.
- The mandatory 5-day grace period before late fees apply.
- Prohibition of daily accumulating late fees.
Lexington
Lexington also adheres to state guidelines, with no unique adjustments to late fee regulations.
Learn moreClarification on Late Fee Caps
The Kentucky Legislature clarified the enforceability of the 10% cap, emphasizing uniform application across the state.
Indiana
No specific cap, reasonableness standard applies.
Tennessee
Late fees must be reasonable, typically not exceeding 10% of rent.
Ohio
No specific limit, but fees must be reasonable and proportionate.
West Virginia
Up to 5% of monthly rent.
Landlord Best Practices:
- •Clearly outline late fee policies in the lease agreement.
- •Ensure late fees do not exceed the 10% statutory cap.
- •Provide tenants with timely notices of late rent to avoid misunderstandings.
Tenant Best Practices:
- •Understand the terms of your lease, especially concerning late fees and grace periods.
- •Communicate with your landlord if you anticipate difficulty in making a timely payment.
- •Keep records of all rent payments to prevent disputes.
Frequently Asked Questions - Kentucky
5-day grace period. Maximum $20 or 20% of rent, whichever is greater.
View Official State Law →Updated October 2025