Rent-to-Own Lease Agreement – Contract used for a typical rental arrangement with the added course of action to purchase the residence. The Illinois standard residential lease agreement is a contract that creates a legally binding rental arrangement between a landlord and their tenant.These templates provide a structured format that covers crucial aspects such as rent terms, security deposits, and maintenance responsibilities. A lease agreement is a legal document between a landlord who rents property to a tenant in exchange for payment. A Lease Agreement is a legal document for a landlord or property owner to set the terms for renting property. A Lease Renewal Agreement is a document that allows a landlord to extend the current rental period with a tenant. Create your free online residential lease agreement. Build a customizable rental agreement you can edit, share and sign online. If you have questions or concerns, contact the Housing Office for clarification. All intellectual property rights in the Artwork shall be the exclusive property of Sangamon.