The Illinois rental agreements are designed for creating a legal contract between an individual/entity that owns property and a person looking to rent on a monthly basis. The tenant, depending on the property, may have to undergo a credit verification as well as provide references in relation to their past employers and landlords. Once approved, a lease should be negotiated and signed between the parties.
Form Description Types
If the tenant pays a portion of a larger, or ‘Master’, utility, the landlord must give a copy to the tenant of how exactly the amount is calculated. 765 ILCS 740
Required to be described in the lease. 765 ILCS 730
Although the landlord is not required to test for the gas, if they find out it exists this form should be signed by the tenant. This is not required for units above three (3) stories.Radon Awareness Act | Illinois Radon Disclosure Form
Illinois Rental Laws
Maximum Security Deposit
There is State no limit on how much the landlord may require for the Security Deposit.
Returning Security Deposit
The landlord must return the Security Deposit to the tenant within thirty (30) days unless their is damage found in the premises. If damage exists, an itemized copy of the repairs must be sent within thirty (30) days and the remainder of the funds must be sent to the tenant within a total of forty five (45) days from the date of vacating the property. Statute 765/710
Landlord’s Access to Property
The landlord is not required to give notice to the tenant before entering the Premises.
When Rent is Late
The rental payment is due on the date specified in the lease agreement. If the agreement states a late fee then the tenant will be obligated to pay. The tenant may expect to see the five (5) day eviction notice form which gives them the decision to pay in full or vacate the premise in that time.