Illinois Residential Lease Agreement
THIS AGREEMENT (hereinafter referred to as the "Illinois Lease Agreement") is made and
entered into this ____ day of _______________, ______, by and between
_______________________________ (hereinafter referred to as "Landlord") and
_______________________________ (hereinafter referred to as "Tenant”). For and in
consideration of the covenants and obligations contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto
hereby agree as follows:
1. PROPERTY. Landlord owns certain real property and improvements located at
______________________________ (hereinafter referred to as the "Property"). Landlord
desires to lease the Premises to Tenant upon the terms and conditions contained herein.
Tenant desires to lease the Premises from Landlord on the terms and conditions as
contained herein.
2. TERM. This Illinois Lease Agreement shall commence on ___________________ and
shall continue as a lease for term. The termination date shall be on ___________________
at __________. Upon termination date, Tenant shall be required to vacate the Premises
unless one of the following circumstances occur:
(i)
Landlord and Tenant formally extend this Illinois Lease Agreement in writing or create
and execute a new, written, and signed Illinois Lease Agreement; or
(ii)
Landlord willingly accepts new Rent from Tenant, which does not constitute past due
Rent.
In the event that Landlord accepts new rent from Tenant after the termination date, a month-
to-month tenancy shall be created. If at any time either party desires to terminate the month-
to-month tenancy, such party may do so by providing to the other party written notice of
intention to terminate at least ____ days prior to the desired date of termination of the
month-to-month tenancy.
Notices to terminate may be given on any calendar day, irrespective of Commencement
Date. Rent shall continue at the r