Chicago Late Rent Payment Calculator

The Chicago Residential Landlord Tenant Ordinance (CRLTO) defines the late rent schedule for the city of Chicago.

WHAT HAPPENS IF A TENANT PAYS RENT LATE? {MUN. CODE CH. 5-12-140 (h)}

If the tenant fails to pay rent on time, the landlord may charge a late fee of $10.00 per month on rents under $500 plus 5 percent per month on
that part of the rent that exceeds $500.00 (i.e., for a $450.00 monthly rent the late fee is $10.00, for a $700 monthly rent the late fee is $10 plus
5% of $200.00 or $20.00 total) (eff. 1-1-92)

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Eli Gratz, Broker & Multi-Family Specialist, eXp Realty

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