The relationship of landlord/tenant or lessor/lessee is created by contract. The person who owns the real property is known as the lessor or landlord. The lessee, or tenant, is the one who occupies the property.
Tenancies are classified by duration as tenancies for years, from year to year, month to month, and at will. A tenancy for years is one under which the tenant has an estate of definite duration. The term "for years" is used to describe such a tenancy even though the duration of the tenancy is for only one year or for less than a year. A tenancy from year to year or month to month is one under which a tenant, holding an estate in land for an indefinite duration, pays an annual, monthly, or weekly rent.
The Illinois Lease of an Unfurnished House is a legally binding contract between a landlord and a tenant for the rental of an unfurnished residential property in the state of Illinois. This lease agreement outlines the terms and conditions that both parties must abide by throughout the duration of the lease term. Keywords: Illinois, lease agreement, unfurnished house, residential property, landlord, tenant, terms and conditions, lease term. There are different types of Illinois Lease of Unfurnished House that may be used depending on the specific circumstances and preferences of the landlord and tenant: 1. Fixed-Term Lease: This type of lease specifies a predetermined start and end date for the tenancy, often lasting for a period of one year. Both the landlord and tenant are bound by the terms of the lease until the end of the agreed-upon term unless otherwise stated. 2. Month-to-Month Lease: This type of lease agreement does not have a fixed end date. Instead, it automatically renews on a monthly basis until either party provides notice to terminate the agreement. This provides flexibility for both the landlord and tenant to adjust the terms or terminate the lease with proper notice. 3. Renewal Lease: A renewal lease is an agreement to extend the existing lease agreement for an additional fixed term. This occurs when both the landlord and tenant mutually agree to extend the lease beyond its initial term and usually involves negotiating any changes to the terms. 4. Pro-Rated Lease: In cases where a tenant moves into a property partway through a month, a pro-rated lease may be used. This type of lease adjusts the rental amount to reflect the partial month occupancy, usually by calculating a daily rental rate. Regardless of the type of lease, an Illinois Lease of an Unfurnished House typically includes important clauses such as rental payment details, security deposit provisions, maintenance responsibilities, pet policies, property access rights, late payment penalties, early termination conditions, and renewal procedures. Landlords and tenants are encouraged to review the agreement thoroughly, understand their rights and obligations, and seek legal advice if necessary to ensure a fair and mutually beneficial lease agreement is established.
