How much a landlord can charge as a late fee in Illinois, whether there's a required grace period, and the rule that controls — verified July 2026.
No statewide cap (reasonableness); Chicago RLTO caps at $10 for the first $500 of rent plus 5% of any amount above $500. Cook County and some municipalities have their own ordinances; statewide fees must reflect actual damages.
None required statewide. Read No statewide statute; Chicago Mun. Code § 5-12-140(h) for the exact conditions.
Use our free late fee calculator to work out the charge from your lease terms, or compare every state in the late fee laws by state directory.
Yes, if the written lease provides for it. Illinois limits the amount: No statewide cap (reasonableness); Chicago RLTO caps at $10 for the first $500 of rent plus 5% of any amount above $500.. Cook County and some municipalities have their own ordinances; statewide fees must reflect actual damages. Verified July 2026 against No statewide statute; Chicago Mun. Code § 5-12-140(h) — confirm with the current statute or an attorney.
No statewide cap (reasonableness); Chicago RLTO caps at $10 for the first $500 of rent plus 5% of any amount above $500.
None required statewide.
No statewide statute; Chicago Mun. Code § 5-12-140(h). The source is published at https://tenantscreeningbackgroundcheck.com/illinois-late-fee-laws/.
No. This is a best-effort summary compiled from a cited source and verified July 2026. Late-fee rules change and some cities add stricter local caps a summary can't capture. Confirm with the current statute or a licensed attorney before relying on it.
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Free reference by Hatchkeep — property management and bookkeeping software, plans from $10/month. Related: late fee calculator · deposit laws by state · rent receipt generator