A Chicago Illinois Lease Termination Letter for Non Payment is a legal document that is used by landlords to notify their tenants of their intention to terminate the lease agreement due to non-payment of rent. This letter serves as a formal notice to the tenant, outlining the details of their non-payment and informing them of the repercussions if the outstanding rent is not settled within a specific timeframe. In Chicago, there are two common types of Lease Termination Letters for Non Payment: 1. Chicago Illinois 5-Day Notice: This type of termination letter is used when a tenant fails to pay their rent on time. According to the Chicago Residential Landlord and Tenant Ordinance (ALTO), landlords must provide a 5-day notice to the tenant before taking any legal action. The notice must include the amount of rent owed, the deadline for payment, the landlord's contact information, and a statement informing the tenant that failure to pay within the specified timeframe will result in lease termination. 2. Chicago Illinois 10-Day Notice: If the tenant does not pay the outstanding rent within the 5-day notice period, the landlord can proceed with a 10-day notice. This notice provides the tenant with an additional 10 days to either pay the rent or vacate the premises. The 10-day notice must include the same information as the 5-day notice, along with a statement indicating that failure to comply with the notice will result in legal action and eviction proceedings. It is important to mention that the content of a Chicago Illinois Lease Termination Letter for Non Payment should be drafted in accordance with the local laws and regulations. Landlords are advised to consult an attorney or legal professional to ensure accuracy and compliance.
Chicago Illinois Lease Termination Letter for Non Payment
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How to fill out Chicago Illinois Lease Termination Letter For Non Payment?
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