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Updated almost 12 years ago on . Most recent reply

User Stats

126
Posts
28
Votes
John Hauser
  • Investor
  • Fairfax, VA
28
Votes |
126
Posts

Terminating a Lease in Chicago

John Hauser
  • Investor
  • Fairfax, VA
Posted

Hey everyone. We are ready to tell one of not-so-great tenants that we are ending the rental agreement with him (we are at the end of the 1-year lease period). I'm wondering if more experienced folks like @Brie Schmidt or @Mark Ainley or @Ryan Steele have dealt with the procedure for notifying our tenant that we want the property back. For example, I know that the Chicago RLTO requires 30 days' written notice, but do we have to give it personally to the tenant and show service, like a rent payment demand? I have seen some online sample forms, but again I'm wondering if we have to use those or if a letter will suffice? Or a text message? Thanks everyone.

John

Most Popular Reply

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2,053
Posts
1,435
Votes
Mark Ainley
  • Property Manager
  • Roselle, IL (Chicago Suburb)
1,435
Votes |
2,053
Posts
Mark Ainley
  • Property Manager
  • Roselle, IL (Chicago Suburb)
Replied

60 day notice for rent increase whether it me MTM or at the end of the term so based on the original question if he was extending but raising rent then he needs 60 days.

For mailing we were advised to send "priority mail w/delivery confirmation" and this provides the tracking number needed to show proof of delivery once delivered and you don't have to worry about the tenant dodging to sign for it. We send all rtn security deposits and interest payments this way too.

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