Complete Legal Illinois Residential Leases Forms For Free

Under the ordinance, landlords must provide: 60 days of notice to terminate your lease if you have lived in your apartment for more than six months but less than three years. 120 days of notice to terminate your lease if you have lived in your apartment for more than 3 years.

However, the lease does not automatically renew for the same duration as the original lease without the landlord and tenant executing a document in writing agreeing to this. Instead, the lease becomes a month-to-month lease, regardless of the lease's original term.

With our website, you can have an effective rental agreement and easily hand it out to your new tenants confidently simply by downloading our Rental Agreement Template in Google Docs. They are professionally written by our legal team to strictly comply with the legalities it intends to bind.

term lease is the most traditional lease. They're called fixed term because tenants and landlords are agreeing to abide by the lease for a fixed amount of time, normally six to 14 months.

Updated on June 23rd, 2023. An Illinois lease agreement is a contract that defines the relationship between an owner/landlord of real property and their tenant(s). The landlord may be managing a residential rental space or a commercial property available to rent by a business entity.

An oral lease on a month-to-month unit allows you to move out with just a one month's notice. An oral lease also allows the landlord to refuse to continue to rent to you with one month notice. Additionally, a landlord can increase the rent with a written letter giving you a full rental period's notice.