(810 ILCS 5/2A-507) (from Ch. 26, par. 2A-507)
Sec. 2A-507.
Proof of market rent; time and place.
(1) Damages based on market rent (Section 2A-519 or
2A-528) are determined according to the rent for the use of the
goods concerned for a lease term identical to the remaining lease
term of the original lease agreement and prevailing at the times specified
in Sections 2A-519 and 2A-528.
(2) If evidence of rent for the use of the goods
concerned for a lease term identical to the remaining lease term
of the original lease agreement and prevailing at the times or
places described in this Article is not readily available, the rent
prevailing within any reasonable time before or after the time
described or at any other place or for a different lease term
which in commercial judgment or under usage of trade would
serve as a reasonable substitute for the one described may be
used, making any proper allowance for the difference, including
the cost of transporting the goods to or from the other place.
(3) Evidence of a relevant rent prevailing at a time or
place or for a lease term other than the one described in this
Article offered by one party is not admissible unless and until
he or she has given the other party notice the court finds
sufficient to prevent unfair surprise.
(4) If the prevailing rent or value of any goods regularly
leased in any established market is in issue, reports in official
publications or trade journals or in newspapers or periodicals of
general circulation published as the reports of that market are
admissible in evidence. The circumstances of the preparation of
the report may be shown to affect its weight but not its
admissibility.
(Source: P.A. 87-493.)
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