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Encountering Late Fees?

posted Sep 25, 2014, 10:15 AM by Laura Hoover

Many renters are unaware that their landlord is charging them excessive late fees. The Chicago Landlord Tenant Ordinance (RLTO) prohibits excessive late fees. See 5-12-140(h). Late fees are limited to $10 for the first $500 of rent and 5% of any amount over $500. If your landlord attempts to enforce an excessive late fee, you may recover two (2) month’s rent from your landlord.