Chicago, Illinois Short Term Rental Agreement with Rental Rules A Chicago, Illinois Short Term Rental Agreement with Rental Rules is a legally binding contract that governs the terms and conditions of renting out a property for a short period in Chicago, Illinois. Whether you are renting out your apartment, house, or a condo, having a clear and comprehensive rental agreement is essential for both the property owner and the tenant. Types of Chicago, Illinois Short Term Rental Agreements with Rental Rules: 1. Vacation Rental Agreement: This type of short term rental agreement is specifically designed for properties rented out for vacation purposes. It outlines the duration of the stay, the rental amount, payment terms, security deposit, and the responsibilities of both the owner and the tenant during the rental period. 2. Airbnb Rental Agreement: Many property owners in Chicago, Illinois use popular online platforms like Airbnb to rent out their properties on a short term basis. An Airbnb rental agreement is a specialized contract that incorporates the specific terms and conditions set by the platform, while also covering the standard rental rules applicable in Chicago. 3. Furnished Apartment Rental Agreement: If you want to rent out a fully furnished apartment for a short term in Chicago, Illinois, a furnished apartment rental agreement is the appropriate document. It includes details about the furniture and appliances provided, maintenance responsibilities, and any restrictions on the tenant's use of the furniture. Key Components of a Chicago, Illinois Short Term Rental Agreement with Rental Rules: 1. Property Details: This section includes the address of the property being rented out, the rental unit number (if applicable), the landlord's contact information, and any specific parking arrangements. 2. Term of Tenancy: It specifies the exact duration of the rental period, including the start and end dates and the check-in and check-out times. It also mentions any provisions for extending the agreement if desired. 3. Rental Payments: This section outlines the rental amount per day or week, the due dates for payments, acceptable payment methods, and any penalties for late payment or bounced checks. 4. Security Deposit: It details the amount of the security deposit required, conditions for its refund upon the tenant's departure, and any deductions that may be made for damages or unpaid rent. 5. Rental Rules and Restrictions: This portion lists the rules and restrictions that the tenant must adhere to during their stay. It may include restrictions on the number of occupants, noise levels, pet policies, smoking, and use of common areas. 6. Maintenance and Repairs: This section defines the responsibilities of both the landlord and the tenant regarding property maintenance and repairs, such as reporting damages, regular cleaning, and who should handle emergency repairs. 7. Termination and Eviction: It outlines the circumstances under which either party can terminate the rental agreement early, including notice periods. It also specifies the actions that may lead to eviction, such as non-payment of rent or violation of rental rules. 8. Governing Law: This specifies that the agreement is governed by the laws of the state of Illinois and any disputes will be settled in the appropriate Chicago court. In conclusion, a Chicago, Illinois Short Term Rental Agreement is a crucial document for property owners and tenants engaging in short term rentals. It ensures that both parties understand their rights and obligations, and it provides a legal framework for a smooth and hassle-free rental experience.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.