Residential Lease Agreement in Illinois

Illinois Requirements

• Security deposit must be returned within 30 days (45 days if deductions are taken) of move-out
• Landlord must pay interest on security deposits annually (rate set by the state comptroller)
• Chicago RLTO requires specific disclosures, including a summary of the ordinance with every lease
• 5-day notice to pay rent required for nonpayment evictions
• No statewide rent control, but local ordinances may apply

How to Complete This Form

1. 1Identify the landlord (or property management company) and all tenants by full legal name.
2. 2Describe the rental property, including the address and any included amenities or parking.
3. 3Specify the lease term (start date, end date, and renewal terms) and monthly rent amount.
4. 4State the security deposit amount and the conditions for its return.
5. 5Include all required state and local disclosures (lead paint, mold, bed bugs, etc.).
6. 6Outline the responsibilities of both landlord and tenant regarding maintenance, repairs, and utilities.
7. 7Have all parties sign and date the lease, and provide each party with a copy.

Residential Lease Agreement in Other States

Other Forms in Illinois