The penalty for the late filing of a lease to purchase option can vary depending on the specific terms and conditions outlined in the agreement between the landlord and tenant. It is important to review the lease agreement to determine if there are any provisions regarding late filing and associated penalties. In some instances, the penalty for late filing may include a late fee or interest charges, which could be a defined percentage of the outstanding balance. Additionally, there may be consequences such as the termination of the lease agreement or a forfeiture of any benefits or rights associated with the lease to purchase option. To accurately determine the penalty for late filing, it is recommended to consult the lease agreement or seek legal advice to understand the specific terms and consequences that apply in your situation.