Illinois Standard Residential Lease Agreement

An Illinois standard residential lease agreement is a year-long contract that outlines a landlord’s and a tenant’s rights and responsibilities.

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Last updated May 10th, 2024

An Illinois standard residential lease agreement is a year-long contract that outlines a landlord’s and a tenant’s rights and responsibilities.

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Disclosures 

Carbon Monoxide Detectors – Landlords must provide information on carbon monoxide in the lease and provide detectors within 15 feet of where tenants sleep. (Illinois Public Act 094-0741)

Concession Granted (conditional) – If there is an incentive to reduce rent or fees to sign or renew the lease, the landlord must disclose the concession on the lease agreement. (765 ILCS 730/2)

Lead-Based Paint Disclosure – Information and pamphlets on the dangers of hazardous paint materials in properties built before 1978 must be provided by landlords to the tenants.

Radon Hazard – The landlord must give applicants a copy of the Illinois Emergency Management Agency pamphlet, any reports of harmful radon levels, and the Disclosure of Information on Radon Hazards. (420 ILCS 46/26)

Shared Meter – The landlord must include written information on how common meters are billed to the tenants. (765 ILCS 740/5)

Smoke Detectors – Landlords must provide working smoke detectors on every floor of the rental premises, excluding unoccupied attics. (425 ILCS 60(3))

Rent Grace Period

There is 5-day grace period in Illinois.

Security Deposit

Maximum Amount – There is no maximum amount that a landlord can charge in Illinois.

Returning – The landlord must return the security deposit, with interest, within 30 days. (765 ILCS 710/1)

  • Deductions – If the landlord withholds funds for damages or cleaning, they must provide an itemized list. (765 ILCS 710/1a)
  • Tenant Doesn’t Forward New Address – The landlord can give it to the tenant via personal delivery, to the tenant’s last known address, or by email if the tenant provides it on their lease.
  • (765 ILCS 710/1a)