Restore email in the Chicago Rental Lease Agreement

Aug 6th, 2022
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How to restore email in the Chicago Rental Lease Agreement

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All right, the topic of todays video is the lease agreement or the lease contract. In my next video were actually gonna discuss the different types of lease agreements that are out there, but today were just gonna deal with the lease agreement in its general sense. So what is a lease contract or a lease agreement? First thing you have to know is a lease contract and a lease agreement mean the same thing, that those two terms are used interchangeably. The other thing that you have to know is a lease contract is between the lessor and the lessee. The lessor is the landlord or the third party property manager, and the lessee is the tenant. And the lease can be verbal or it can be written. Now, there is a caveat to that. There is a law called the statute of frauds. Youre gonna have to know that for your real estate licensing exam. Every state has their own set of statute of frauds, and the statute of frauds in most states say that if a lease is greater than one year, then it must be in

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A Chicago landlords obligations fall into a few major categories: the landlord must maintain the premises; the landlord must stay out of the premises, except in certain circumstances; the landlord must safeguard and return the security deposit, the landlord may not engage in illegal housing discrimination; the
If Your Landlord Moves to Terminate Your Lease 60 days of notice to terminate your lease if you have lived in your apartment for more than six months but less than three years. 120 days of notice to terminate your lease if you have lived in your apartment for more than 3 years.
The notice required is key, breaking a Chicago lease without proper notice can leave you liable for unpaid rent and abandonment damages.
The Chicago Residential Landlord and Tenant Ordinance require landlords to disclose (i) the existence of any building code violations in the past 12 months, (ii) the pendency of any enforcement litigation or compliance board proceeding, and (iii) any notice of intent by either the City of Chicago or any utility
Landlords typically provide the necessary maintenance or repairs during the rental period, while the tenant or leaseholder is responsible for the cleanliness and general upkeep of the property. Specific duties and obligations of each party are normally outlined in a lease agreement.
A landlord may not refuse to rent or lease an apartment or house to potential tenants or have different rental terms on the grounds of race, color, religion, national origin, ancestry, sex and marital status, or disability.
The Illinois Attorney General specifies two things. The tenant must leave the property clean when theyre done with it, and it must be done before and move out. The landlord must ensure the property is cleaned before a new tenant moves in.
State and local laws can vary, but as a landlord, you will generally be responsible for providing your tenants with a habitable dwelling, meaning that basic requirements for human occupancy such as having electricity, running water, a pest-free environment, and secure windows and doors must be met.

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