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All Forum Posts by: Martin Madelaire

Martin Madelaire has started 1 posts and replied 1 times.

General Landlording & Rental Properties

Post: Verbal agreement & evictions

Martin MadelairePosted
  • Posts 1
  • Votes 0

Hello BP.

delicate situation as we bought a multifamily unit. We live in 1 unit and will rent the others.

The issue at hand is that one tenant has/had a verbal contract with the previous landlord (they are family). 

Is it correct that with verbal contracts that a 30 day notice is sufficient?

We intend to give them the option of moving out or new contract (increased rent to match the market). I just want to make sure that we provide the tenants with adequate notice..

PS. We are located in Chicago, Illinois - if that makes a difference..

0 Votes