Illinois Residential Lease Agreement Template

This Illinois residential lease agreement is a contract that is used during the rental use of a real estate property (apartment, condo, house). The Lessor and Lessee must agree on how the rental arrangement will happen and what provisions will be included.

Last updated September 23rd, 2024

Rental Application – The Landlord can ask for a rental application to verify the tenant’s credentials. Once approved, both parties can sign the lease.

Form Options By Type

Standard Residential Lease Agreement

Simple (1-Page) Lease Agreement

Most Recent US Home Facts

Population (2023): 334,914,895
Median Households (2022): 125,736,353
Median Household Income (2022): $75,149
Owner-occupied Households (2022): 64.8%

Source: U.S. Census Bureau

Landlord Required Disclosures to Tenants (6)

Security Deposit Requirements

Maximum Limit – No limit in Illinois.
Returning – The Landlord must return the deposit within 45 days of the lease end date.

Source: § 34.03.070

Landlord Access Notices

General Access/Legal Notice – No prior notice laws.
Emergency – In emergencies, Landlords can enter without notice in Illinois.

Late Rent Payment Fees

Late Rent Fee – 20% of the monthly rent check amount.

Source: § 95/7.10(c)

Illinois Standard Rental Lease Agreement Form Preview Example

Illinois Rental Lease Agreement

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