Investor · Chicago, IL · Member since 2015 · 47 posts · 5 votes
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.
Glen Ellyn, IL · Member since 2012 · 95 posts · 59 votes
11y
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.
Investor · Gatlinburg, TN · Member since 2015 · 75 posts · 33 votes
11y
if you don't want the headaches, consider a management company. We put a condo with one last year as we moved out of state. They only charge 7% and the tenant deals only with them. I wish we would have done that when we lived there as well. Would have had so many fewer headaches.
So many dumb laws there that all favor the tenant.