Updated about 4 years ago on . Most recent reply
Section 8 late rent fees
I have selected a section tenant to live in my SFH in illinois "not Chicago". I will be receiving $1362 total a month. The tenant is responsible for paying $414 & section will pay the remaining $948.
My question is….do I base my late fee amount on the tenants portion of $414 only??..or do I base it on the total amount of $1362?
What are the legal rules behind this, as far as the maximum amount I can charge in Illinois?