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

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.

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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

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

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