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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB0538 Introduced , by Rep. Robert W. Pritchard SYNOPSIS AS INTRODUCED:
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Amends the Landlord and Tenant Act. Provides that a landlord of residential property may not enter into an agreement with a tenant in which the tenant agrees to pay a charge, fee, or penalty for the late payment of rent in excess of $10 per month for the first $500 in monthly rent plus 5% per month of any amount in excess of $500 in monthly rent.
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| | A BILL FOR |
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| | HB0538 | | LRB100 00323 HEP 10327 b |
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| 1 | | AN ACT concerning civil law.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Landlord and Tenant Act is amended by adding |
| 5 | | Section 4 as follows:
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| 6 | | (765 ILCS 705/4 new) |
| 7 | | Sec. 4. Limit on late rent fees. A landlord of residential |
| 8 | | property may not enter into an agreement with a tenant in which |
| 9 | | the tenant agrees to pay a charge, fee, or penalty for the late |
| 10 | | payment of rent in excess of $10 per month for the first $500 |
| 11 | | in monthly rent plus 5% per month of any amount in excess of |
| 12 | | $500 in monthly rent.
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