Illinois Residential Lease

Illinois Residential Lease Forms

Illinois Residential Lease forms are used by Illinois property management companies and landlords who are leasing residential rental property to tenants in Illinois. The Illinois Residential Lease is the legal document which contains the contractual agreement with the tenant, and it is important to make sure your lease complies with the specific laws and regulations in your county in case there is a breach in contract by either party.

Illinois Residential Lease - What should it include?

The Illinois Residential Lease - also known as the Illinois Rental Agreement - is a specific type of Illinois Lease Contract that should be used only when renting residential property to tenants in Illinois. It must include all the terms and conditions for the lease agreement, including the address of the residential property in Illinois, names of the tenants who will occupy the premises, the amount of rent they will be paying, and the duration for the residential lease. It should also include details regarding the security deposit, remedies for damages or late payments, and other terms and conditions that will govern the residential lease.

Illinois Residential Leases - What are the Specific Laws?

The Illinois Department of Housing and Urban Department has a wealth of information on its website that you should become familiar with if this is your first time using the Illinois Residential Lease. Each state has specific lease contract laws that must be taken into consideration on residential lease agreements. For example, if the property was built before 1978, the Illinois Residential Lease is required by Federal law to include a disclosure for lead paint. Illinois Landlord and TenantRights and Laws can help you learn more about the specific laws that you must consider.

Illinois Residential Lease - What else should I know?

You should screen your tenants long before signing the Illinois Lease Agreement. The Illinois Rental Application can be used to gather basic information from prospective tenants and the Illinois Rental Credit Check form can be used to get authorization from the tenant to conduct a rental credit check. If you are looking for something that makes it easy for Illinois landlords and property managers to get leasing recommendations, credit reports, and criminal history for each tenant, be sure to try TReXGlobal's tenant screening solution!

Download the FREE Illinois Residential Lease below, and be sure to let us know what you think!