Apartment landlords typically have no legal obligation to allow a grace period on rent. In fact, a landlord may offer what is referred to as a "pay or quit" notice as soon as the day after a missed payment. However, many landlords do provide a grace period up to five days before taking such actions against tenants. These terms are usually spelled out in your agreement.

A Price for Being Late

The grace period may or may not apply to late fees. In most states, landlords have the legal right to charge reasonable late fees after a missed payment. Your landlord may charge such a fee for each day missed following the payment date, or following the end of the grace period.