Products tagged with 'demand for payment'

Instructions for Illinois Landlords

If you are an Illinois landlord and your tenant has failed to pay rent, you may serve them with a 5 Day Notice for Unpaid Rent. This official notice informs the tenant of their obligation to pay the overdue amount within five days from the date the notice is served.

Purpose of the Notice

The 5 Day Notice is designed to formally alert the tenant of the unpaid rent and provide a clear deadline for payment. Upon receiving the notice, the tenant has five days to remit the overdue rent in full.

Consequences of Non-Payment

If the tenant does not pay the rent within the specified five-day period, the lease will be terminated. At that point, the tenant is required to vacate the premises as outlined in the lease agreement.

Affidavit and Proof of Service

The notice template includes an Affidavit and Proof of Service section. The individual who serves the notice must complete this affidavit, swearing to the fact that the notice was properly delivered to the tenant.

Template Format

This Illinois 5 Day Notice of Demand for Unpaid Rent is provided in Word format for ease of use. Landlords can quickly fill out and customize the form as needed for their specific situation.

Lenders, demand payment from a guarantor under a loan document with this Demand Letter to Guarantor.

• The letter informs the guarantor that the debtor whose indebtedness was guaranteed by the guarantor has defaulted in making payments towards the loan.
• The lender demands that the guarantor pay the outstanding amount by a certain date.
• This template is available in MS Word format and is easy to download, fill in with your details, and print.
• The form can be used almost anywhere that does not have a statutory form.