Illinois Information to Be Furnished to Lessor

State:
Multi-State
Control #:
US-OG-802
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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FAQ

When a tenant overstays their lease in Illinois then they automatically become a month-to-month tenant with the original rental terms (except for duration) still in place. This means that a tenant must continue to pay the same amount of rent and meet any other obligations placed on them by the original lease.

Regarding payments, landlords in Illinois can accept both the payment for the first month's rent and the security deposit in a single transfer or check, whichever feels more comfortable.

Normal Wear and Tear: Damage in Illinois, ?Normal Wear and Tear? refers to deterioration of the property that happens when the property is used as it was meant to be used, but only when that deterioration occurs without negligence, carelessness, accidents, misuse, or abuse by the tenant or guests of the tenant.

? Summary. Creates the Tenant Protection Act. Provides that a landlord may increase the rent no more than once every 12 months, by an amount no greater than the percentage change in the Consumer Price Index for the same 12-month period or 3%, whichever is lower.

It should go without saying, but a landlord cannot threaten tenants. Verbal threats, threats of physical violence, or actual physical contact are all examples of landlord harassment.

Landlords cannot raise the rent or retaliate in any other way because a tenant complained about a building or health code violation. Landlords also cannot evict a tenant because the tenant asked them to make repairs, joined a tenants' organization, or acted on any legal right or remedy.

Illinois landlords can't raise the rent during the term of a long-term lease unless the lease specifically allows them to do so. There's no Illinois law stating specifically how much notice a landlord must give to increase rent when a tenant is renting month-to-month.

The 2023 update to Illinois eviction laws introduces changes to tenant rights and protections, aiming to create a more secure rental environment. These changes may include additional notice requirements, limitations on eviction reasons, and extended eviction timelines.

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Illinois Information to Be Furnished to Lessor