Easily Replace Date from the Rental Lease Agreement

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How to Replace Date from the Rental Lease Agreement

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[Music] hello again everyone Im attorney Robert fleshes before you enter into a residential lease agreement as a tenant or if youre a landlord drafting a rental agreement to give to a tenant you really need to watch this video Im going to tell you about seven possible provisions that could be included in the lease that could be illegal rendering the entire lease void which means the lease isnt enforceable and if you find this video helpful please consider subscribing to my channel remember that every state has different landlord tenant laws but the seven contract terms that Im going to discuss in this video are probably illegal in most states the illegal terms that Im discussing do not impose criminal liability on the landlord first lets talk about the form of the lease many landlords download boilerplate leases from the internet in order to avoid paying attorney to prepare a valid and effective residential lease or to pay for a state-approved lease containing enforceable terms

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What a landlord Cannot do in Illinois?

Under the federal Fair Housing Act and Illinois law, it is unlawful for a landlord to discriminate in the leasing of a dwelling house, flat, or apartment against prospective tenants who have children under the age of 14 years.

What is end date for lease?

Lease End Date means the last day of the Lease Period as stipulated in the Lease Agreement or the Lease Termination Date whichever comes first.

How do you calculate annual lease payments?

How is the lease payment calculated? Start with the sticker price (MSRP) of the car. Take the MSRP and multiply it by the residual percentage. This equals the residual value. Then take the negotiated selling price of the car. Add in the fees to get the gross capitalized cost. Subtract your down payment and rebates.

What is the fair notice ordinance in Cook County?

Under the ordinance, landlords must provide: 60 days of notice to raise your rent if you have lived in your apartment for more than six months but less than three years. 120 days of notice to raise your rent if you have lived in your apartment for more than three years.

Can a landlord ask the tenant to renew more than 60 days before the lease ends in Cook County?

In Cook County, a landlord cannot ask the tenant to renew more than 60 days before the lease ends. If a landlord violates this notice, the tenant recover one months rent or damages, whichever is greater.

What is a lease commencement letter?

With a lease commencement letter, you are informing the tenant of the leases official start date. Additionally, this letter is important for your own records. It is a concise document explaining exactly when each partys official rights and obligations begin.

How do you calculate lease terms?

To determine the lease term, first, start with the non-cancelable period of the lease. Then, add any renewal option periods for renewals the lessee is reasonably certain of exercising. Third, add any periods covered by a termination option if the lessee is reasonably certain it will NOT exercise that option.

Is there a limit on rent increase in Cook County?

There is no legal limit to how much your landlord can raise your rent in Illinois. Illinois has a Rent Control Preemption Act (1997) that prevents cities from controlling rent prices on private property.

How do you calculate lease end date?

Count Number of Months Between Two Dates For example: In a 3 year lease that commenced on 2/1/2020 the lease would end on 1/31/2023. In a 5 year lease that started on 3/1/2020 the lease would expire on 2/28/2025.

What is the expiration date of a lease?

Lease Expiration Date means the last day of the Lease Term, subject to any other date on which the Lease is terminated.

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Replace Date from the Rental Lease Agreement