The rule
- Grace period
- 5 days
- Cap
- Monthly rent: greater of $15 or 5% of the rent; weekly rent: greater of $4 or 5%
- Grace period
- A fee may be charged only when rent is 5 or more calendar days late.
- Limits on the fee
- Only one late fee per late payment.
Law: N.C.G.S. § 42-46(a)
Last reviewed September 30, 2026
Not legal advice. Statutes change; check the linked section.