Illinois Real Estate Forms
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Most deeds require the grantor's signature to be notarized before the document can be recorded with the county recorder. A notary public acknowledges that the signature is genuine, which is a standard step in Illinois property transfers.
Real property — also called realty or immovable property — includes land and anything permanently attached to it, such as buildings and fixtures. Personal property covers movable items. The distinction matters in real estate transactions because fixtures typically transfer with the property unless the purchase agreement says otherwise.
A landlord may keep all or part of a security deposit to cover unpaid rent or documented damages beyond normal wear and tear. Illinois law and local ordinances set rules on how quickly the deposit must be returned and what documentation the landlord must provide.
Fee simple is the most complete form of real estate ownership — the owner holds the property outright, with no time limit and the right to sell, lease, or transfer it freely. Most residential home purchases in Illinois result in fee simple ownership.
A verbal lease for a period of one year or less may be enforceable, but disputes become difficult to resolve without a written record. A written lease agreement is strongly advisable for any rental arrangement because it clearly documents the agreed terms for both the landlord and the tenant.