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Illinois commercial lease agreement pdf

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The document is a Commercial Lease Agreement for a property in Illinois between a Lessor and a Lessee. It outlines the terms of the lease, including the description of the leased premises, permitted use, lease term, base rent, renewal options, expenses, security deposit, maintenance responsibilities, insurance requirements, and conditions for default and termination. The agreement also includes provisions for subletting, indemnification, and compliance with laws. Both parties must sign and acknowledge the lease in front of a notary public.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date of the agreement and the names and addresses of both the Lessor and Lessee in the designated fields.
In the 'Description of Leased Premises' section, specify the square footage and type of space being leased, along with its address.
Outline the intended use of the premises in the 'Use of Leased Premises' section, ensuring it aligns with any local regulations.
Fill in the lease term details, including start and end dates, under 'Term of Lease'.
Specify the Base Rent amount and payment schedule in the 'Base Rent' section.
Indicate whether there is an option to renew and detail any conditions regarding rent increases during renewal periods.
Select your lease type (Gross, Modified Gross, or Triple Net) and initial where required.
Complete sections on security deposits, leasehold improvements, insurance requirements, and obligations as outlined in the document.
Finally, ensure all parties sign and date at the end of the document before submitting or saving your completed lease agreement.

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