This office lease provision states that the landlord has the right to cancel the lease after the expiration of the first sixty (60) months of the initial term of the lease by giving the tenant at least one hundred and twenty (120) days prior notice of such cancellation.
Cook County, Illinois, has specific laws and regulations in place to protect both landlords and tenants. One important aspect of these regulations is the Cook County Simple Cancellation Provisions for Landlords. The Cook County Simple Cancellation Provisions allow landlords to terminate lease agreements under certain circumstances by providing tenants with a specific notice period. This provision applies to both residential and commercial rental properties within Cook County. There are a few different types of Cook County Simple Cancellation Provisions for Landlords: 1. Nonpayment of Rent: If a tenant fails to pay rent within a specific time period, the landlord can issue a notice to quit. This notice must provide the tenant with a minimum of 5 days to pay the outstanding rent or vacate the premises. If the tenant fails to comply within the specified time, the landlord can proceed with eviction proceedings. 2. Lease Violation: If a tenant violates any terms or conditions of the lease agreement (such as causing property damage, engaging in illegal activities, or disturbing neighbors), the landlord can issue a notice to quit. This notice must provide the tenant with a minimum of 10 days to either rectify the violation or leave the rental property. Failure to comply within the given time frame can lead to eviction. 3. End of Lease Term: When a lease agreement has a specific end date, the landlord is not required to provide a notice to quit for the tenant to vacate the property. However, if the landlord wants to offer a new lease or make changes to the existing lease terms, they must provide the tenant with a written notice before the end of the current lease term. It is important to note that landlords must follow specific procedures outlined in the Cook County Residential Landlord and Tenant Ordinance (ALTO) when utilizing the Simple Cancellation Provisions. The ALTO sets the guidelines and requirements for tenant eviction, including providing proper written notices and adhering to specific time frames. By following these Cook County Simple Cancellation Provisions, landlords can exercise their rights to terminate a lease agreement while ensuring compliance with the legal requirements. This helps to maintain a fair and balanced rental market for both landlords and tenants in Cook County, Illinois.Cook County, Illinois, has specific laws and regulations in place to protect both landlords and tenants. One important aspect of these regulations is the Cook County Simple Cancellation Provisions for Landlords. The Cook County Simple Cancellation Provisions allow landlords to terminate lease agreements under certain circumstances by providing tenants with a specific notice period. This provision applies to both residential and commercial rental properties within Cook County. There are a few different types of Cook County Simple Cancellation Provisions for Landlords: 1. Nonpayment of Rent: If a tenant fails to pay rent within a specific time period, the landlord can issue a notice to quit. This notice must provide the tenant with a minimum of 5 days to pay the outstanding rent or vacate the premises. If the tenant fails to comply within the specified time, the landlord can proceed with eviction proceedings. 2. Lease Violation: If a tenant violates any terms or conditions of the lease agreement (such as causing property damage, engaging in illegal activities, or disturbing neighbors), the landlord can issue a notice to quit. This notice must provide the tenant with a minimum of 10 days to either rectify the violation or leave the rental property. Failure to comply within the given time frame can lead to eviction. 3. End of Lease Term: When a lease agreement has a specific end date, the landlord is not required to provide a notice to quit for the tenant to vacate the property. However, if the landlord wants to offer a new lease or make changes to the existing lease terms, they must provide the tenant with a written notice before the end of the current lease term. It is important to note that landlords must follow specific procedures outlined in the Cook County Residential Landlord and Tenant Ordinance (ALTO) when utilizing the Simple Cancellation Provisions. The ALTO sets the guidelines and requirements for tenant eviction, including providing proper written notices and adhering to specific time frames. By following these Cook County Simple Cancellation Provisions, landlords can exercise their rights to terminate a lease agreement while ensuring compliance with the legal requirements. This helps to maintain a fair and balanced rental market for both landlords and tenants in Cook County, Illinois.
