Illinois Residential Rental Lease Agreement

State:
Illinois
Control #:
IL-864LT
Format:
Word; 
Rich Text
Instant download

Description

This is a Residential Rental Lease Agreement form for use in your state. This lease is designed for a specific term such as 1 or more years, 6 months, etc. It contains many provisions, some of which you may desire to modify depending on your agreement with your tenant. You should use this form as a guide and modify it to suit your needs.
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FAQ

The difference between lease and rent is that a lease generally lasts for 12 months while a rental agreement generally lasts for 30 days.That means the landlord can't raise the rent without your written consent or evict you without cause, and you can't stop paying rent or break the lease without consequence.

To break a lease, you need to give your landlord or management company notice of your intention and why, in writing. The landlord has 14 days to correct any cited property issues. If they aren't fixed, a tenant has the right to leave on Day 15 or any time within a month.

Normally, neither the tenant nor the landlord can change their mind and get out of the lease before it ends, unless the other side agrees. But both parties can agree to end the lease early by a written agreement. If no agreement is reached, the tenant must pay rent for the full lease term, even if they move out.

A lease can be written or verbal, but a verbal lease can be very difficult to enforce.Most leases are fairly standard and cover basic components such as rent amount, duration of lease term, resposiblities of each party and penalties for not following the terms.

In some circumstances, a tenant can break a fixed-term agreement early without penalty. A tenant can give 14 days' written notice to end an agreement early without penalty if: they have accepted an offer of social housing (e.g. from DCJ Housing)

Normally, neither the tenant nor the landlord can change their mind and get out of the lease before it ends, unless the other side agrees. But both parties can agree to end the lease early by a written agreement. If no agreement is reached, the tenant must pay rent for the full lease term, even if they move out.

As long as the contract spells out specific details and both parties have signed that they agree to the contract's terms, a handwritten contract is legally binding and enforceable in court.

The Lease Must be in Writing It does not matter if the lease is handwritten or typed.

Leases can always be ended by mutual agreement Before Illinois tenants involve the court system in trying to break a lease, the best move may be to simply speak to the landlord. While leases are binding contracts, they can be dissolved at any time by mutual agreement of the parties.

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Illinois Residential Rental Lease Agreement