Late Fee & NSF Fee Collection
Hello BP Members,
One of my properties is in Saint Clair County Illinois. As per state law, landlords are unable to include late fee, nsf fee or any other fee, but the rent only on a 5 day notice, otherwise Judge will throw out the 5 day notice. I have double checked it with 2 local attorneys and they said it was correct.
I recently came across a blog from an attorney who said "if you term late fee as (additional rent) in your lease, you can include that on your 5 day notice". I have been thinking about doing it.
I wonder BP members thoughts on it.
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Real Estate Agent IL (#471018522)
- Decent Properties, LLC
- 618-406-9775
- http://www.decentproperties.com