At the end of October of this year I moved into a new apartment. My rent is due on the 20th of every month. All moving in costs have been paid, and November and Decembers rent have been paid on time.

Unfortunately, the rent due for December 20th-Jan 20th will be 3 days late and I am unsure how to take the meaning of the late fee. This is what it states exactly in my lease pertaining to payments

Half of the security deposit must be paid the first month of renting and the balance is due with the second month's rent. 12% interest must be applied to late payments. And the said party of the second part hereby waives the usual notice to quit, and agrees to surrender said premises at the expiration of said term, or the termination of this lease, without any notice whatsoever.

My question is with the bolded since my rent due on the 20th of this month will be 3 days late do I only apply the interest once or must I add it 3 times?

My landlord is currently out of state dealing with a family emergency and I don't feel right contacting to ask about it during this time. And I will be out of state for christmas and I don't want my rent to be any later than it has to be but I am unsure of how many times I apply the late fee to the payment.

Multiply the rent amount by 1.12.

yeah, thanks but I already knew that 12% of my rent is $40.

My question was do I pay the $40 once, or do I have to pay it times 3 since it will be 3 days late?

Your quote seems to reference your deposit not rent! Can you post how late charges are applied to rent!

Add it just once, Flyin.