Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Naketa Washington
  • Real Estate Broker
  • Chicago, IL
1
Votes |
15
Posts

5 Day Notices

Naketa Washington
  • Real Estate Broker
  • Chicago, IL
Posted

What day of the month do you usually serve your 5 day notices to tenants?

Most Popular Reply

User Stats

57
Posts
23
Votes
Ashour Rehana
  • Real Estate Broker
  • Chicago, IL
23
Votes |
57
Posts
Ashour Rehana
  • Real Estate Broker
  • Chicago, IL
Replied

Naketa Washington the sooner the better however you want to make sure you serve them prior to a new month beginning. The five day notice is basically telling them if you don't pay in five days the contract is null/void and you must leave. The reason behind serving them before a new month begins is because chicago requires you to give the tenant 30 days notice to evict. For example if you give the tenant an eviction notice on July 31st then they have to be out by Aug. 31st. However, if you serve them Aug. 1st then they have till Sept. 30th to get out. Hope thats what you were looking for.

Loading replies...