There are many residential lease forms available for sale at office supply stores and for free on the internet. Many even purport to be specifically designed for a particular city or state. Some are good and some are not so good. Some are terrible. None are fully complete.
A lease contract, especially a Chicago lease, is only complete if it is specifically tailored to a particular landlord’s set of facts. There is no perfect lease and just about all leases require some modification, addition, or subtraction to suit a landlord’s particular leasing scenario.
Keep in mind that there is no such thing as a “standard” Chicago lease. There are forms that are common, but, Illinois landlords, especially Chicago landlords, who merely rely upon a preprinted form without considering all of the various modification options and municipal ordinance requirements take their leasing business in their own hands and can make costly mistakes. Some self-styled Chicago leases fail miserably at complying with the Chicago Residential Landlord Tenant Ordinance and using such a lease can cost a landlord thousands of dollars.
Reda | Ciprian | Magnone, LLC reviews residential rental leases for our landlord clients and will often draft riders, amendments, and supplements to assist landlords in getting the most advantage out of the lease contract. We take the time to make sure that our landlords consider many of the important, but sometimes overlooked, contractual terms that can be dictated in a lease.
Feel free to contact us or give us a call at 773-399-1122 to discuss the possibility of engaging Reda | Ciprian | Magnone, LLC to represent you in helping to review your lease.