Would have flagged a late fee — held for your review
IL · not executed
Why Regent proposes this: Unit A, rent $1,650, 9 days late — all four IL compliance checks are flagged advisory (locality unverified, no statutory cap, lease provision unconfirmed, grace period unconfirmed), and no fee amount is provided; human review required to determine a reasonable fee and confirm lease terms.
Why it needs you: Money, legal, and low-certainty actions always require human approval — this never executes on its own.
Compliance checks4
IL_locality_unverified⚑ needs reviewProperty locality not verified — only the state (IL) is known. Local ordinances (e.g. rent-controlled cities) can impose stricter late-fee caps than state law. Confirm the property's city before relying on this check.
IL_late_fee_standard⚑ needs reviewIL has NO statutory late-fee cap — a reasonableness standard applies and every fee needs human review. Cannot evaluate the advisory threshold (missing fee or rent amount). (Illinois common law (reasonableness / liquidated-damages doctrine). NOT 770 ILCS 95/7.10, which is the Self-Storage Facility Act and does not apply to residential leases.)
IL_late_fee_lease_provision⚑ needs reviewIL requires an explicit late-fee provision in the lease for the fee to be enforceable. Regent cannot read the lease terms — a human must confirm the provision exists before assessing any fee. (Illinois common law (reasonableness / liquidated-damages doctrine). NOT 770 ILCS 95/7.10, which is the Self-Storage Facility Act and does not apply to residential leases.)
IL_late_fee_grace_period⚑ needs reviewNo statutory grace period on file for IL; fee timing is governed by the lease. A human must confirm the lease's grace terms before assessing a fee.
This is a fictional example. See it on your real portfolio →