Smoke Detector ( 425 ILCS § 60/3(d)) – In accordance with Illinois’s Smoke Detector Act, lessors are obligated to supply lessees with a written disclosure outlining the property’s servicing policy regarding smoke alarms.
Any concessions that the landlord agrees to give to the tenant must be written within the terms of the lease agreement and followed by “Concession Granted”. Rent Concession ( 765 ILCS § 730) – A “rent concession” is an incentive used to entice prospective tenants to rent a property. Radon( 420 ILCS § 46/25) – Under Chapter 420 (Nuclear Safety), lessors are compelled by law to disclose any known information related to the presence of radon contained within the confines of the property, corresponding with the Illinois Radon Awareness Act. This requirement consists of an educational pamphlet informing tenants of the risks associated with the toxic substance, as well as any data of actual lead hazards that may be found within the boundaries of the property. Code § 4852d ) – As stated in Title 42 of the federal law, all landlords looking to rent a residential property that was assembled before 1978 must first present a lead disclosure to the interested party prior to them occupying the premises. Depending on the county in which you reside, there may be additional ordinances that require your compliance.Ĭarbon Monoxide ( 430 ILCS § 135/10(c)) – Illinois landlords are liable to inform tenants (in writing) of any testing/maintenance procedures pertaining to the carbon monoxide detectors installed within the premises. Required Landlord DisclosuresĪll of the following disclosures are imposed by the state. The Illinois Attorney General also offers a Landlord/Tenant Rights & Laws Fact Sheet that contains valuable information regarding the state’s property laws. Review Illinois’s Landlord and Tenant Act (765 ILCS § 705) for specific information concerning the lessor/lessee privileges and duties that each party should know prior to entering into a rental agreement.
Sublease Agreement – Functions as a secondary agreement that can be utilized when a current tenant would like to re-rent the property to sub-tenant for a fixed period of time (this is only possible if the original lease authorizes this action). Standard Lease Agreement – Documents pertinent information included in a standard one-year residential rental arrangement. Roommate Agreement – Introduced when a resident of a particular property would like to rent out a room/portion of the dwelling to another party. Month-to-Month Lease – Can be ended at any point in time on the condition that thirty (30) days’ notice is supplied by the terminating party ( 735 ILCS § 5/9-207(b)). Lease to Own Agreement – This type of contract operates like your typical lease/rental agreement, but also provides the added option of purchasing the real estate at any given time during the term of the tenancy. This form is not compatible for use concerning rental property situated within the city of Chicago.Ĭommercial Lease Agreement – For individuals looking to rent a property to a business entity for the purpose of establishing the company’s trade location.
Free lease agreement illinois template professional#
Illinois Association of Realtors Residential Lease Agreement – A document to be utilized in place of the standard residential agreement, the form is typically used by professional Realtors to record a leasing transaction. the form is to be filled with information pertinent to identity and eligibility of the applicant for review by the landlord of the premises. Rental Application – Paperwork provided to those seeking the rental of a property for lease. Once all the info has been inserted into the form, the agreement should then be finalized by executing the necessary signatures within the indicated sections. This document should determine the monthly rental cost, the sum of the preliminary security deposit, and any stipulations that serve the needs of each party. Participants, known as the lessor and lessee, must come to terms on how the arrangement will occur and what provisions will be included. The Illinois lease agreement is a prevalent contract performed during the transfer of rights related to the use of a real estate property (apartment, condo, house, etc.).
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