Iowa rent late fee law & calculator
Under Iowa Code §562A.9(4): Rent ≤ $700: $12/day, $60/month max · rent > $700: $20/day, $100/month max. Grace period: none — the lease sets it.
Late fee due
$75.00
Paid 9 days late; grace ends 5 days after due
Iowa maximum for this rent
$100.00
assuming the full month's rent is unpaid
A late fee is only collectible if your lease authorizes it. General information, not legal advice.
What Iowa Code §562A.9(4) requires
- Maximum fee: Rent ≤ $700: $12/day, $60/month max · rent > $700: $20/day, $100/month max
- Grace period: None — the lease sets it
- Lease requirement: the fee must be authorized in the written rental agreement — an unauthorized fee is uncollectible.
- For rent of $700/month or less: at most $12 per day, $60 total per month
- For rent over $700/month: at most $20 per day, $100 total per month
Rules as of August 2026. Statutes change — verify with the current text of Iowa Code §562A.9(4) before relying on a number, and check city and county ordinances, which can be stricter. This is general information, not legal advice; consult a Iowa attorney for your situation.
Not in Iowa? Every state's late-fee rules → Also for Iowa landlords: the security-deposit return deadline →
Late fees that apply themselves
Set the rule once — LetsGoLandlord applies fees on schedule, on their own ledger line. Free for 14 days.