Florida condo late fee and interest calculator
Enter a delinquent installment, how many days late, the interest rate in your declaration and the late fee you charge. The tool shows the late-fee cap in Fla. Stat. § 718.116(3), and, if you enter a payment, the order in which the statute applies it.
What the tool says and what it does not say
This is an estimate; your documents and a lawyer decide. The tool does not say a charge is enforceable: it shows the cap in the statute and what your numbers give. It covers condominium associations under chapter 718; homeowners' associations (chapter 720) and cooperatives (chapter 719) have their own chapters.
Interest and a late fee are only available as the declaration or bylaws provide. The statute says “If provided by the declaration or bylaws, the association may, in addition to such interest, charge an administrative late fee”.
Your numbers
Enter your numbers and the limit from the law and what your numbers give will appear here.
What the statute says, in short
Interest
Assessments not paid when due bear interest at the rate in the declaration. “The rate may not exceed the rate allowed by law, and, if no rate is provided in the declaration, interest accrues at the rate of 18 percent per year.” The 18 percent is a default, not a cap.
The late fee cap
An administrative late fee of “up to the greater of $25 or 5 percent of each delinquent installment for which the payment is late.” The tool shows that cap for the installment you enter.
The order of a payment
“Any payment received by an association must be applied first to any interest accrued by the association, then to any administrative late fee, then to any costs and reasonable attorney fees incurred in collection, and then to the delinquent assessment.”
What is arithmetic, not law
The sources behind this page give no day count. The interest figure is simple pro-rata arithmetic (annual rate times days divided by 365) and is shown as an illustration, not as the statute's own method.
Official text: Fla. Stat. § 718.116(3)
Source: Fla. Stat. § 718.116(3), Online Sunshine statute viewer, as recorded in our research pack; accessed 16 September 2026. More:
Frequently asked questions
What is the maximum late fee for a Florida condominium?
Under § 718.116(3), if the declaration or bylaws provide for it, an administrative late fee of up to the greater of $25 or 5 percent of each delinquent installment for which the payment is late.
Delinquent HOA Dues: Collection Policy and First Reminder Letter
What interest rate applies to unpaid assessments?
The rate in the declaration, which may not exceed the rate allowed by law. If the declaration provides no rate, interest accrues at 18 percent per year. The sources behind this page do not give the legal ceiling as a number, so the tool cannot check your rate against it.
In what order is a payment applied?
First to accrued interest, then to any administrative late fee, then to collection costs and reasonable attorney fees, and then to the delinquent assessment. This holds notwithstanding a restrictive endorsement on the payment.
Does this apply to my HOA?
This page is for condominium associations under chapter 718. Homeowners' associations fall under chapter 720 and cooperatives under chapter 719; the tool does not apply those chapters.
How are the days counted?
The sources do not say. The interest figure is simple pro-rata arithmetic, shown as an illustration. Confirm the method with your documents and a lawyer.
Are the numbers I type stored?
No. The calculation runs in your browser and nothing you type is sent anywhere.
Each unit's balance and payment reminders, in one place
Unitify tracks each unit's balance and sends payment reminders. Fees, interest and the enforceability of a charge depend on the law and your governing documents.