Illinois Residential Leases

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Commonly Asked Questions about Illinois Residential Leases

What are the new laws for landlords in Illinois 2024?

Illinois 2024 Landlord Tenant Law introduces flexible rent payments, bans mandatory electronic transfers, mandates rent receipts, and improves record-keeping. Updates security deposit rules, sets maximum limits, requires receipts, balances landlord and tenant protections.

Is Illinois a tenant friendly state?

Illinois is only considered somewhat of a landlord-friendly state. While factors like no rent control or security deposit limitations favor landlords, the state has restrictions that limit what they can do to lease their property.

What a landlord Cannot do in Illinois?

Illinois law requires landlords to provide tenants with advance notice for rent increases, and they cannot increase rent during the term of a fixed lease. Discriminatory practices in setting financial terms are also illegal.

How long can a residential lease be in Illinois?

Most often they are for six months or less or month-to-month. Lease agreements, on the other hand, are typically for a much longer period of time. It is common for a lease to be for a period of 12 months, but it can also be for many years.

What is the most common residential lease?

A fixed-term lease is the most traditional lease. Theyre called fixed term because tenants and landlords are agreeing to abide by the lease for a fixed amount of time, normally six to 14 months.

What is the landlord tenant law in Illinois 2024?

A landlord cannot require a tenant or prospective tenant to make any payment due under a lease, renewal, or extension agreement by electronic means, including electronic funds transfer or an electronic funds transfer system that automatically transfers funds on a regular, periodic, and recurring basis.

Restrictions What a landlord cannot do in Illinois?

As a tenant: You are responsible for any damages beyond normal wear and tear. You must pay the utility bill if the lease makes you responsible. You may not alter the apartment (for example, paint the walls) without your landlords approval. You must give written notice when you intend to move. Rights and Responsibilities - Illinois DCFS illinois.gov independence housing right illinois.gov independence housing right