Illinois Delay Rental Payment Agreement Directing Payment to An Agent
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For example, in Chicago the maximum late fee for residential property is $10 on the first $500 monthly rent plus 5% an any additional monthly rent (e.g. the maximum late fee in Chicago on $2,000 in monthly rent is a one-time late fee of $85). Evanston has a similar law.
A clause in an oil & gas lease that allows the lessee to pay an amount (delay rental) to the lessor to postpone commencement of drilling operations during the primary term of the lease to keep it in effect.
A clause in an oil & gas lease that allows the lessee to pay an amount (delay rental) to the lessor to postpone commencement of drilling operations during the primary term of the lease to keep it in effect.
