The rule
- Grace period
- None required
- Cap
- No set cap
- Grace period
- No statutory grace period.
- Limits on the fee
- No statewide late-fee cap; non-optional fees must appear on the first page of the lease or the tenant is not liable for them (765 ILCS 705/35). Some cities regulate late fees locally.
Law: 765 ILCS 705/35
Last reviewed September 30, 2026
Not legal advice. Statutes change; check the linked section.