Rent-to-Own Lease Agreement – Contract used for a typical rental arrangement with the added course of action to purchase the residence. A sample lease for tenants and landlords that you can use to create your own version.An Illinois lease agreement is a prevalent contract performed during the transfer of rights related to a real estate property (apartment, condo, house, etc.). Illinois lease agreements let a landlord and tenant come to an agreement over the renting of a property. Rent is commonly due on the 1st of the month. The Illinois standard residential lease agreement is a contract that creates a legally binding rental arrangement between a landlord and their tenant. Use our free, customizable Illinois lease agreement template to create a legally binding contract when you lease your Property in the state of Illinois. Use our free, customizable Illinois lease agreement template to create a legally binding contract when you lease your Property in the state of Illinois. Our Illinois lease agreement template helps landlords and tenants create clear, compliant rental agreements, covering key terms like rent and security deposits. An essential part of the property management process, our comprehensive rental agreements keep both the landlord and tenant covered.