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Updated about 9 years ago on . Most recent reply

User Stats

47
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5
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Marvin Anaya
  • Investor
  • Chicago, IL
5
Votes |
47
Posts

Chicago First Time Landlord - Lease

Marvin Anaya
  • Investor
  • Chicago, IL
Posted

Hello!

I just closed on a 2 flat in Chicago (super excited!). Does anyone have a sample Lease that I can use or can anyone point me in the right direction please?

I live in unincorporated cook county - not sure if that makes a difference. It is a Chicago address still.

THANK YOU!

Marvin

Most Popular Reply

User Stats

95
Posts
59
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Eric S.
  • Glen Ellyn, IL
59
Votes |
95
Posts
Eric S.
  • Glen Ellyn, IL
Replied

I buy my leases from American Legal 312-332-1922.  I use form 104, but there are several depending on which one you and your attorney prefer.  They are updated every year with the required info.  I also add supplemetal forms in addition to the Chicago Apartment Lease.   

Be very careful renting in Chicago.  Read the RLTO very carefully and MEMORIZE it, or you will get sued.  Also be very careful with security deposits, and consider a move-in fee in lieu of a security deposit.  

Be sure to review all pertinent laws.  There are tons, and it pays to do your homework before you start looking for tenants.  

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