Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

870
Posts
345
Votes
Frank S.
  • Specialist
  • Chicago, IL
345
Votes |
870
Posts

Month-to-Month Lease in Chicago and Holding Over Questions

Frank S.
  • Specialist
  • Chicago, IL
Posted

Howdy, 

I have a tenant that claims that because I didn't provide a notice of a MM lease, they don't have to comply with the 30 day notice.  My understanding has always been that if they stay after the expiration of their Lease,  that is enough to trigger the MM Lease in Chicago.

Where is that code section? I can't seem to find it. 

I'm using the standard Lease by the Chicago Association of Realtors. There is a section about Holding Over that is not very clear to me.


16. Holding Over
. Tenant shall be liable for double the Monthly Rent in the event that
Tenant retains possession of all or any part of the Premises after the Ending Date of this
Lease. Landlord may at its sole option, upon written notice to Tenant, create a month to
month tenancy between Landlord and Tenant under the same terms and conditions of
this Lease. Additionally, if Tenant retains possession of all or any part of the Premises
after the Ending Date of this Lease and pays less than double the Monthly Rent and
Landlord accepts payment, this shall become a month to month tenancy, and not a year
to year tenancy, between Landlord and Tenant under the same terms and conditions of
this Lease.

Any help is appreciated, 

Most Popular Reply

User Stats

27
Posts
12
Votes
Nicholas Bailey
  • Chicago, IL
12
Votes |
27
Posts
Nicholas Bailey
  • Chicago, IL
Replied

"Holding over" is them retaining possession of the apartment contrary to your wishes, which is why it has a penalty.

If your 12 month lease is simply up in June, nobody does anything, and you accept July rent, that's a month-to-month lease, not a holdover. 

Is this a situation where the tenant is moving out with less than 30 day notice?  I'd say you're more or less screwed there. You have the right to collect rent, but it's not going to be worth going to court over 1 month of rent.

If the situation is you trying to terminate the lease, make sure you brush up on the Fair Notice Ordinance if they've been there for over a year. 

Loading replies...