An Illinois Lease Agreement is a legal document that outlines the terms and conditions between a landlord and tenant for residential or commercial property use.
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
Options By Type
Standard Residential Lease Agreement
Download: PDF |
Simple (1-Page) Lease Agreement
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Lease Agreement Form Must Include the Following
Disclosures (Required)
Security Deposits
Landlord Access
Although no state law mandates that Landlords provide notice to their Tenants prior to entering a rental property for maintenance or any other issue, it is recommended for Landlords to provide reasonable notice to Tenants.
Paying Rent
Grace Period – Tenants are granted a grace period of five days. It is prohibited for the landlord to impose any late payment fees before the sixth day of late rent payment.
Maximum Late Fee – The maximum penalty for late rent payment is either $20 or 20% of the rent, whichever amount is greater.
Returned Checks (NSF) – $25 per bounced check.
Source: 770 ILCS 95/7.10, 810 ILCS 5/3-806