The rent due date is the deadline by which tenants are required to pay their monthly rent to their landlord or property management company. A rent grace period is a specified period of time after the due date during which tenants can make their rent payment without incurring late fees or penalties. This grace period is typically outlined in the lease agreement and can vary depending on the landlord’s policies. It offers tenants a brief window of flexibility in case they encounter delays or difficulties in making their payment on time. For further details, read more.