Illinois Standard Residential Lease Agreement

The Illinois standard residential lease agreement is a contract that creates a legally binding rental arrangement between a landlord and their tenant. These agreements are for a fixed period of time, and they outline all the necessary rights and obligations of the parties to help avoid any conflicts or legal disputes.

Illinois Standard Residential Lease Agreement

The Illinois standard residential lease agreement is a contract that creates a legally binding rental arrangement between a landlord and their tenant. These agreements are for a fixed period of time, and they outline all the necessary rights and obligations of the parties to help avoid any conflicts or legal disputes.

Last updated January 23rd, 2024

The Illinois standard residential lease agreement is a contract that creates a legally binding rental arrangement between a landlord and their tenant. These agreements are for a fixed period of time, and they outline all the necessary rights and obligations of the parties to help avoid any conflicts or legal disputes.

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Rental Application – Landlords ask lease applicants to complete this application form so they can find the best possible tenant by reviewing their background information.

Required Disclosures (5)

  1. Carbon Monoxide Disclosure – Landlords must disclose to tenants carbon monoxide testing and maintenance information.[1]
  2. Lead-Based Paint Disclosure (PDF) – A federal disclosure that must be given to tenants if the property was built before 1978.[2]
  3. Radon Disclosure (PDF) – If the tenant’s rental unit is located on the second floor of a building or lower, the landlord is required to disclose the possible or known presence of radon on the premises and give them a copy of the Radon Guide for Tenants.[3]
  4. Rent Concession Act – If the landlord makes a rent concession (rebate or reduction) with the tenant, it must be written in the lease agreement.[4]
  5. Smoke Detector Disclosure – The landlord must provide information concerning the testing and maintenance of smoke detectors in the dwelling.[5]
  6. Utility PaymentsIf the landlord uses a shared utility meter, they are required to inform tenants of the shared services and the formula for allocating payments among tenants.[6]

Security Deposit Laws

  • Maximum Amount ($) – No maximum.
  • Returning to Tenant – 45 days.[7]

Rent Grace Period

There is no grace period in Illinois.

Landlord Resources