This form is used by a Landlord to demand payment of overdue rent from a non-residential tenant within 5 days from giving the Notice in accordance with the laws of your state. (Note: If a written agreement provides for a longer notice, use the notice length stated in the agreement). "Non-Residential" includes commercial or industrial property. If the Tenant fails to pay within 5 days, the lease may be considered terminated by the Landlord. The Tenant is informed that the Tenant must either pay the rent or suffer possible termination. If he does not pay, the Landlord may begin eviction proceedings. If the Landlord does not elect to proceed with termination or eviction, but instead agrees to accept rent after the termination date stated in the Notice, the lease is generally reinstated. For additional information, see the Law Summary link.
Pay Rent Tenant With Credit Card
State:
Illinois
Control #:
IL-1208LT
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Illinois 5 Day Notice To Pay Rent Or Lease Terminates - Nonresidential Or Commercial?
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This company has you enter your landlord's payment address and information before charging your card. From there, your landlord can be paid via ACH transfer or a paper check sent by mail. Plastiq charges a 2.9% fee for card payments, which will be tacked on to your charge upfront.
Third-Party Apps for Paying Rent with a Credit Card: NameFees ChargedPlacePay2.99% or free (landlord has the choice to cover the fee for you)Rent Track2.95% or free (landlord has the choice to cover the fee for you) Or, $9.95 monthly subscription fee with no processing feesApartments.com2.75%Zego3%6 more rows
Rent payment online on Freecharge is as easy as a cakewalk. Enter Landlord's Details. Provide your landlord's bank account details, IFSC code, mobile number. Make Payment. Enter your credit card details and make rent payment. Payment is Done. Payment gets credited to the landlord's bank account. Live worry-free.
Unless you or your landlord have signed up for a rent reporting service, the three major credit bureaus ? Equifax, Experian and TransUnion ? will not put rent payments on your credit report. That means your credit score and credit report aren't affected by your rent payments.
You can make sure your on-time rent payments are being reported to credit bureaus through rent reporting services. There are two ways that your rent can be reported through a rent reporting service: your property manager can report payments for you, or you can report payments yourself.