Illinois Affidavit of Timely Payment to Extend Primary Term of Lease by Lessee

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-571
• Format: Word; Rich Text

Description

The Affidavit addresses the Timely Payment of rentals to Extend Primary Term of Lease (by Lessee). The Illinois Affidavit of Timely Payment to Extend Primary Term of Lease by Lessee is a legal document that allows a lessee to extend the primary term of their lease by affirming that they have made all the required payments on time. This affidavit is particularly relevant in Illinois, as it is a requirement under state law for a lessee to renew the lease term. In order to correctly draft the Illinois Affidavit of Timely Payment to Extend Primary Term of Lease by Lessee, it is important to include several key details. These include the full legal names of the lessor and lessee, the address of the leased property, the original lease agreement's effective date, and the expiration date of the primary term. Furthermore, it is crucial to highlight that the lessee has made all the required rental payments on time for the duration of the initial lease term. This section should specify the exact dates of payment, the amount paid, and the method of payment used (e.g., check, direct deposit, etc.). Additionally, to ensure the validity of the affidavit, it should include a statement affirming that all information provided is true and accurate to the best of the lessee's knowledge. The document should be signed and notarized by the lessee in the presence of a notary public. While there may not be different types of Illinois Affidavit of Timely Payment to Extend Primary Term of Lease by Lessee, it is essential to note that variations may exist depending on the specific lease agreement and any additional terms agreed upon between the lessor and lessee. Therefore, it is important to review the lease agreement thoroughly and consult with legal professionals to ensure accuracy and compliance with all applicable laws and regulations.

The Illinois Affidavit of Timely Payment to Extend Primary Term of Lease by Lessee is a legal document that allows a lessee to extend the primary term of their lease by affirming that they have made all the required payments on time. This affidavit is particularly relevant in Illinois, as it is a requirement under state law for a lessee to renew the lease term. In order to correctly draft the Illinois Affidavit of Timely Payment to Extend Primary Term of Lease by Lessee, it is important to include several key details. These include the full legal names of the lessor and lessee, the address of the leased property, the original lease agreement's effective date, and the expiration date of the primary term. Furthermore, it is crucial to highlight that the lessee has made all the required rental payments on time for the duration of the initial lease term. This section should specify the exact dates of payment, the amount paid, and the method of payment used (e.g., check, direct deposit, etc.). Additionally, to ensure the validity of the affidavit, it should include a statement affirming that all information provided is true and accurate to the best of the lessee's knowledge. The document should be signed and notarized by the lessee in the presence of a notary public. While there may not be different types of Illinois Affidavit of Timely Payment to Extend Primary Term of Lease by Lessee, it is essential to note that variations may exist depending on the specific lease agreement and any additional terms agreed upon between the lessor and lessee. Therefore, it is important to review the lease agreement thoroughly and consult with legal professionals to ensure accuracy and compliance with all applicable laws and regulations.