KRS lease requires tenants to pay the rent on the 1st of every month, with a five day grace period until the 5th of the month unless the 5th is on a weekend or bank holiday. Tenants are then charged a late fee which is typically 10% of their balance unless stated otherwise in the lease agreement. If your tenant has not paid by the 6th of the month we will not be able to do a disbursement on our regular schedule. We do, however, have off-cycle disbursements that are available to you at no additional charge once the payment settles and funds are available. We will also typically split the late fee evenly between KRS and the landlord.