Investor · Chicago IL · Member since 2014 · 20 posts · 6 votes
Good afternoon,
I wanted to reach out to see if anyone could provide some clarity on lease cancellation and the notice period. For context I have a tenant who has been in the property for close to 10 years. I purchased the property roughly 5 years ago. This past year they have started paying rent late to the point where the total accumulated time is about 3 months of back rent due. I also switched their lease from a yearly to a monthly. I am planning to cancel this lease due to the late payments etc, my question is since they are on a month-to-month can I just provide the standard 30 day notice or since they have been at the property for many years or is a longer notice period required such as 120 days etc? I am based in IL just outside of Chicago. Any input would be appreciated.
@Charles Carillo after the initial lease which was a yearly one was up, I switched it over to a month-to-month. I was trying to avoid the eviction process just because I know it can be rather lengthy in IL, I figured with the month-to-month I can just cancel it hopefully without any issues.
If you are in Chicago or Cook county you need 120 days notice
How did you switch their lease from yearly to monthly? Did they agree to this? I would offer them cash for keys, or contact your attorney and start the eviction process if they decline. Most tenants cannot catch up with rent that is 3 months behind.
Investor · Chicago IL · Member since 2014 · 20 posts · 6 votes
1y
@Charles Carillo after the initial lease which was a yearly one was up, I switched it over to a month-to-month. I was trying to avoid the eviction process just because I know it can be rather lengthy in IL, I figured with the month-to-month I can just cancel it hopefully without any issues.
@Charles Carillo after the initial lease which was a yearly one was up, I switched it over to a month-to-month. I was trying to avoid the eviction process just because I know it can be rather lengthy in IL, I figured with the month-to-month I can just cancel it hopefully without any issues.
If you are in Chicago or Cook county you need 120 days notice