Features Rent & Accounting
Rent collection feature

Custom Late Fees That Match Your Lease

Configure late fees once, apply them consistently, and give tenants a clear balance without manual math or awkward follow-ups.

No credit card required Free for up to 2 units Built for 1–50 units
Property Peace

Feature workflow

Late fee automation features

1

Set the lease rule

Choose grace period, fee type, and property/unit assignment.

2

Track rent status

Property Peace identifies what is paid, unpaid, and overdue.

3

Notify tenants

Automated reminders keep tenants informed without manual chasing.

Late rent gets messy fast

  • Every lease can have different grace periods, flat fees, or daily fees.
  • Manual calculations create mistakes and tenant confusion.
  • Following up on overdue rent turns into repetitive texts and emails.

Automate late-fee rules and reminders

  • Set late-fee rules that match the terms in each lease.
  • Show tenants a clear balance with rent, fees, and payment history.
  • Send automated reminders before and after rent is due.

Everything included

Late fee automation features

Custom grace periods

Flat or recurring late-fee rules

Overdue rent status by tenant

Automated email and SMS reminders

Clear rent balance history

Rent roll exports for records

Why it matters

Collect consistently without conflict

Apply the same rule every time, reducing disputes.

Save time by replacing repetitive follow-up messages.

Keep tenants informed before balances become bigger problems.

See overdue balances without rebuilding a spreadsheet.

Related landlord tools

Keep building your workflow

Feature FAQs

Can late fees vary by property?

Yes. You can configure rules around the lease or unit so different properties can use different grace periods or fee structures.

Are tenants notified automatically?

Yes. Property Peace supports automated reminders so you do not need to manually chase every overdue balance.

Should I verify my local late-fee rules?

Yes. Late-fee rules vary by lease and jurisdiction, so landlords should make sure their settings match their lease and local requirements.

Ready to make this easier?

Start free with Property Peace. No credit card required, and built for independent landlords with 1–50 units.

Automate Late Fees