Rent-by-the-Room Lease - Chicago

[Alex Ferraro]

For anyone who has rented a property by the room as opposed to an entire unit or house, or has rented out one room to roommate via a rent-by-the-room house hack, are there any special considerations for doing so in Chicago? What additional items should you include in the lease? If you have an example lease you could share, that would also be much appreciated. Thanks!

[Crystal Smith]

Originally posted by @Alex Ferraro:

For anyone who has rented a property by the room as opposed to an entire unit or house, or has rented out one room to roommate via a rent-by-the-room house hack, are there any special considerations for doing so in Chicago? What additional items should you include in the lease? If you have an example lease you could share, that would also be much appreciated. Thanks!

I have a collegue who is renting 2 buildings by the room near the Medical District. He uses a simple one page lease which he recently updated. The only special consideration he has in the lease is identification of the interest bearing account for the retention of the deposits. I'll send you a copy via a PM.