- Rent Control / Increase Limitations. Illinois state landlords can raise rent during the term of the lease.
- Notice Required to Raise Rent. For month-to-month tenancies, Illinois landlords must provide 30 days notice from next rent due date.
- Late Rent Fees. Illinois state landlords may charge up to $20 or 20% of rent for late rent payment.
When Can a Landlord Increase Rent?
Rent may not be increased during the term of a lease. To increase rent on an “at-will” tenant the landlord must provide appropriate notice prior to the rent increase.
When is it illegal to raise rent?
It is illegal for a landlord to raise rent based on the age, race, religion, nation or origin, familial status, or disability status of a tenant Fair Housing Act.
It is also illegal for a landlord to retaliate against a tenant for exercising his/her tenant right to report health or safety issues Retaliatory Eviction Act Illinois
Is there a rent increase limit?
There is no legislation limiting how much rent may be increased
How Much Notice is Needed for Raising Rent?
When seeking to raise rent on a tenant who is renting weekly, an Illinois landlord should provide the tenant with a 7-Day Notice. When seeking to raise rent on a month-to-month tenant, the landlord should provide a 30-Day Notice 735 ILCS 5/9-205 and 207.
How Often Can Rent Be Increased?
Illinois has no legislation limiting the frequency with which rent may be increased.
Laws Regarding Late Fees
Late fees must be noted in the lease agreement and may not exceed $20 or 20% of the rental fee for each month rent is not paid. A landlord may also charge the tenant for any reasonable expenses incurred in his/her attempt to collect the rent 770 ILCS 95-7.10
Laws Regarding Bounced Check fees
Illinois has no statute regarding bounced check fees.
Cities in the State With Rent Control
The Illinois Rent Control Preemption Act prevents local municipalities from enacting, enforcing, or maintaining ordinances controlling the amount of rent that can be charged for private property The Rent Control Preemption Act.