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Illinois Amendment of Lease Package

Category:
Landlord Tenant - Amendments
State:
Illinois
Control #:
IL-P072-PKG
Format:
Word; 
Rich Text; 
PDF
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Description

With this Amendment to Lease Package, you will find the forms that are necessary to modify the terms of a lease. The forms in this package are designed to avoid disagreements over changes to leases and stay in compliance with state law.


Included in your package are the following forms:


  1. Amendment of Residential Lease

  2. Model Lease Amendment for Short Term Rent Deferral

  3. Letter Regarding An Amendment to Tenants Lease

  4. Lease Clause to Keep Responsible After Assigned Lease is Modified


Detailed information on forms included:


  1. Amendment of Residential Lease - This Amendment of Residential Lease permits changes to a lease agreement that will be incorporated as part of the overall lease contract. The structure of this form complies with applicable state statutes.

  2. Model Lease Amendment for Short Term Rent Deferral - This form is a model lease amendment providing rent deferral for financially strapped tenants. It also contains provisions for the payment of any deferred rent.

  3. Letter Regarding An Amendment to Tenants Lease - This letter is sent to the tenant 60 days prior to lease expiration. It explains the effective date of lease amendment and response deadline.

  4. Lease Clause to Keep Responsible After Assigned Lease is Modified - This form is a lease clause that keeps the tenant liable for responsibilities in the lease after it has been modified.

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FAQ

Lease Renewal Agreements are used to extend a lease for another term. They offer the ability to renew the lease for the same length and to memorialize any changes to the lease, if needed.

When creating your Lease Amendment, you'll want to include information such as: the names of the landlord(s) and the tenant(s); the effective date of the original lease; the date of the lease amendment; the address and nature of the leased property; whether the original lease was recorded with the county; which

A lease and addendum are esentially the same thing, 'the lease'. The addendum is part of the lease, it does not stand on it's own. If the lease and addendum say different things, but one does not supercede the other, it's ambigious, and the least restrictive clause stands.

Tenants also have certain rights under federal, state, and some local laws. These include the right to not be discriminated against, the right to a habitable home, and the right to not be charged more for a security deposit than is allowed by state law, to name just a few.

Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.

State law regulates several rent-related issues, including the amount of notice (at least 30 days in Illinois) landlords must give tenants to raise the rent and how much time (five days in Illinois) a tenant has to pay rent or move before a landlord can file for eviction.

Create Document. A lease extension addendum is a contract that further extends the term of an existing lease agreement. The addendum will establish a new lease termination date that both the landlord and tenant agree to.

Lease addenda are separate documents that landlords add to an original lease agreement. Landlords use them to provide additional information that the original lease doesn't cover. Be sure not to confuse addenda with lease amendments, which are changes made directly to the existing lease itself.

Many leases provide the tenant with an option to renew or extend the lease term beyond the expiration of the initial term.By definition, a lease renewal is a new lease agreement, whereas a lease extension is a continuation of the original lease agreement.

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