Can I charge a fee for late rent?
In England and Wales, default fees are limited. You can charge interest on rent that is more than 14 days late, capped at 3% above the Bank of England base rate, and only if the tenancy agreement provides for it.
3 min read · Updated 2 August 2026
Overview
In England and Wales, default fees are limited. You can charge interest on rent that is more than 14 days late, capped at 3% above the Bank of England base rate, and only if the tenancy agreement provides for it.
Practical guidance
- Include the interest clause in the agreement — you cannot add it later.
- Calculate from the day the rent was due, not the day you chased.
- Chase early and in writing; interest rarely recovers as much as prompt communication.
Related content
General information for UK landlords and letting agents, not legal advice. Rules differ across England, Wales, Scotland and Northern Ireland — check your local requirements or take advice before acting.