What is the late fee structure for nonpayment of rent on the sixth day of the month?

The late fee structure typically includes an initial charge followed by a daily fee that accrues after a specified grace period. In this case, when rent is not paid by the due date (usually the first of the month), the structure begins with an initial late fee of $5 on the sixth day. This charge represents the penalty for failing to pay the rent on time.

Furthermore, the fee continues to accrue at a rate of $1 per day after the initial charge. This could serve as a deterrent for tenants who might otherwise delay their rent payment, encouraging them to pay as soon as possible to avoid further charges.

This approach to late fees provides a clear structure that can be easily understood by tenants. It differentiates between the one-time penalty for the late payment and the ongoing charges that accumulate daily, thereby making financial consequences predictable for renters who may be late on their payments.