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rent collection

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Rents are due on the first day of the month and late if not received in our office by the end of the day on the 5th of the month. On the 6th of the month, or the next business day, GCR&D charges the late fee as permitted by the lease agreement.

At GCR&D, we do not tolerate the delinquent payment of rents. We are careful to explain this policy to new residents in order to avoid any misunderstandings that might arise later. Our rent collections and delinquencies policies are as follows:

  • We will make every effort to collect rents timely when due (1st of the month). We will "Hand Deliver" a 5-day notice (Illinois’ legal prerequisite to an eviction). In certain circumstances a process server will be hired, at an additional expense to the owner, to properly serve the tenant.
  • If no response we will turn delinquent residents over for an eviction to be filed with your approval, as owners are responsible for fees.

GCR&D recognizes that many things can happen where it concerns rent; rent can really be lost "in the mail", employers can delay the tenant's paycheck, there are real tenant emergencies, and more. Therefore, we make a serious effort to determine why the tenant is having a problem and will work with them to obtain payment as soon as possible.

What Happens if my Tenant Doesn’t Pay Rent?

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Areas We Serve

In addition to the cities above, GC Realty & Development, LLC has coverage all over the Chicagoland Area including Kane, Cook, Lake, Mchenry & Dupage Counties. We also have coverage across a large portion of the city including downtown Chicago.

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