"Realtor Residential Lease Template-Equal Housing Opportunities" - Illinois

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RESIDENTIAL LEASE
Term of Lease
Date of Lease
Monthly Rent
Security Deposit
Beginning
Ending
1
LESSEE
LESSOR
_________________________________
__________________________________
2
Name(s)
Name(s)
_________________________________
__________________________________
3
_________________________________
__________________________________
4
Premises Address
Address
_________________________________
________________________________
5
City, State, Zip
City, State, Zip
6
In consideration of the mutual covenants and agreements herein stated, Lessor hereby leases to Lessee and Lessee
7
hereby leases from Lessor for a private dwelling, the unit designated above (the "Premises"), together with the
8
appurtenances thereto, and the common elements or limited common elements appurtenant thereto, if any, for the
9
above term. Along with the dwelling unit described herein, the Premises includes the following (check all that
10
apply):
Parking space(s) (Identified as ______________ and containing _________ parking spaces).
11
Garage (Identified as ______________ and containing _________ parking spaces and ________ transmitters).
12
Refrigerator
Oven/Range/Stove
Microwave
Dishwasher
Washer
Dryer
13
Window Air Conditioner(s) (#______)
Storage locker
Other (Description: _____________________).
14
15
1. RENT. Lessee shall pay to Lessor, monthly in advance without demand, as rent for the Premises the sum stated
16
above at Lessor’s address stated above or such other address as Lessor may designate in writing. Time of such
17
payment is of the essence of this agreement. All rent shall be due as of the first day of each month and shall be paid
18
not later than the fifth day of each month.
Any rent not paid by the fifth day of the month shall incur a late payment penalty of ________________________.
19
20
2. SECURITY DEPOSIT. Lessee herewith has paid to Lessor the security deposit stated above, receipt of which
21
is acknowledged by Lessor, as security for the faithful performance of the terms of this Lease by Lessee, including,
22
but not limited to, payment of rent and to the return of the Premises in undamaged condition. Any unused portion of
23
the security deposit will be returned to Lessee, without interest, within ______ days from the date that Lessee has
24
vacated the Premises. Lessee has examined the Premises, accepts the Premises “as is,” will keep the Premises in
25
good condition and will return the Premises to Lessor in the same condition, normal wear and tear excepted.
26
3. UTILITIES AND SERVICES. In addition to the monthly rent specified above, Lessee shall be responsible for
27
payment of the following (check all that apply):
Electricity
Gas
Water/Sewer
Heating Fuel
Refuse Removal
Homeowner Association Dues.
28
29
If Lessee fails to pay any of the above, Lessor may pay them on Lessee’s behalf. In such event Lessee shall
30
promptly reimburse Lessor for all such payment, plus any penalties paid by Lessor, upon demand by Lessor. In the
31
any of the above utilities are
event
not levied specifically on or in respect of the Premises, the Lessee shall pay to
32
additional
said utilities
Lessor as
rent ________ % of
charged on the building of which the Premises is a part.
Lessee’s Initials: _____________/_____________
Lessor’s Initials: _____________/_____________
Page 1 of 4
RESIDENTIAL LEASE
Term of Lease
Date of Lease
Monthly Rent
Security Deposit
Beginning
Ending
1
LESSEE
LESSOR
_________________________________
__________________________________
2
Name(s)
Name(s)
_________________________________
__________________________________
3
_________________________________
__________________________________
4
Premises Address
Address
_________________________________
________________________________
5
City, State, Zip
City, State, Zip
6
In consideration of the mutual covenants and agreements herein stated, Lessor hereby leases to Lessee and Lessee
7
hereby leases from Lessor for a private dwelling, the unit designated above (the "Premises"), together with the
8
appurtenances thereto, and the common elements or limited common elements appurtenant thereto, if any, for the
9
above term. Along with the dwelling unit described herein, the Premises includes the following (check all that
10
apply):
Parking space(s) (Identified as ______________ and containing _________ parking spaces).
11
Garage (Identified as ______________ and containing _________ parking spaces and ________ transmitters).
12
Refrigerator
Oven/Range/Stove
Microwave
Dishwasher
Washer
Dryer
13
Window Air Conditioner(s) (#______)
Storage locker
Other (Description: _____________________).
14
15
1. RENT. Lessee shall pay to Lessor, monthly in advance without demand, as rent for the Premises the sum stated
16
above at Lessor’s address stated above or such other address as Lessor may designate in writing. Time of such
17
payment is of the essence of this agreement. All rent shall be due as of the first day of each month and shall be paid
18
not later than the fifth day of each month.
Any rent not paid by the fifth day of the month shall incur a late payment penalty of ________________________.
19
20
2. SECURITY DEPOSIT. Lessee herewith has paid to Lessor the security deposit stated above, receipt of which
21
is acknowledged by Lessor, as security for the faithful performance of the terms of this Lease by Lessee, including,
22
but not limited to, payment of rent and to the return of the Premises in undamaged condition. Any unused portion of
23
the security deposit will be returned to Lessee, without interest, within ______ days from the date that Lessee has
24
vacated the Premises. Lessee has examined the Premises, accepts the Premises “as is,” will keep the Premises in
25
good condition and will return the Premises to Lessor in the same condition, normal wear and tear excepted.
26
3. UTILITIES AND SERVICES. In addition to the monthly rent specified above, Lessee shall be responsible for
27
payment of the following (check all that apply):
Electricity
Gas
Water/Sewer
Heating Fuel
Refuse Removal
Homeowner Association Dues.
28
29
If Lessee fails to pay any of the above, Lessor may pay them on Lessee’s behalf. In such event Lessee shall
30
promptly reimburse Lessor for all such payment, plus any penalties paid by Lessor, upon demand by Lessor. In the
31
any of the above utilities are
event
not levied specifically on or in respect of the Premises, the Lessee shall pay to
32
additional
said utilities
Lessor as
rent ________ % of
charged on the building of which the Premises is a part.
Lessee’s Initials: _____________/_____________
Lessor’s Initials: _____________/_____________
Page 1 of 4
33
4. USE, SUBLET, ASSIGNMENT. The Premises will be used and occupied as a private, single-family
premises by (list individual names) _______________________________________________________________
34
____________________________________________________________________________________________
35
36
and no others. Lessee will not permit the Premises to be used for any unlawful purpose or purposes that will injure
37
the reputation of the Premises or of the neighborhood, and will not permit the Premises to remain vacant or
38
unoccupied for more than thirty (30) consecutive days. Lessee will not allow the Premises to be used for any
39
purpose that will increase the rate of insurance thereon, nor for any purpose other than that herein specified. Lessee
40
will neither assign this Lease nor sublet the Premises without the prior written consent of Lessor; such consent will
41
not be unreasonably withheld. Lessor’s consent in this instance will not waive Lessor’s right to refuse subsequent
42
assignments or sub-lettings nor will Lessor’s consent release Lessee from liability under this Lease.
43
5. POSSESSION. Lessor will tender possession of Premises not later than the beginning date of this Lease.
44
Possession shall be deemed to have been given when Lessor delivers to Lessee the keys for the vacant Premises. If
45
Lessor does not deliver possession of the Premises to Lessee as stipulated herein, Lessee may cancel and terminate
46
this Lease, with written notice to Lessor. In this instance, neither party will be liable to the other and any sums paid
47
by Lessee under this Lease will be refunded. If Lessee accepts late delivery of the Premises, then the rent will be
48
reduced on a pro-rated daily basis for that monthly term from the date of actual possession. The term of this Lease
49
will not be extended by any such late delivery.
50
6. ALTERATIONS AND IMPROVEMENTS. Lessee will not make any alterations or improvements, including
51
decorating, without the prior written consent of Lessor. Any alterations or improvements that are made will remain
52
and be surrendered upon termination of this Lease. Any such acceptance will not relieve Lessee for any costs
53
incurred by Lessor as a result of any alterations or improvements. Lessee shall be responsible for all costs incurred
54
by Lessor as a result of any unapproved alteration or improvement.
55
7. MAINTENANCE AND REPAIR. Lessee will keep the Premises in good and sanitary condition and repair at
56
Lessee’s sole expense during the term of this Lease and during any renewal period or extension thereof. Lessee will
57
maintain the fixtures and mechanical systems in good operating order, and will further be responsible for the
58
following (check all that apply):
Snow/ice removal from driveways and sidewalks;
Lawn mowing;
Landscape maintenance (other than
59
lawn mowing)
Scavenger service
_________________________________ ____________________.
60
61
Lessor will be responsible for any structural or major maintenance and repairs, other than routine maintenance and
62
repairs, that are not due to Lessee’s misuse, waste or neglect or to that of Lessee’s authorized occupants or visitors.
63
Any appliances contained in the Premises are provided for the Lessee’s convenience. Lessor does not warrant the
64
fitness or uninterrupted use or enjoyment of such appliances by Lessee. Any interruption of Lessee’s use and
65
enjoyment of such appliances shall not constitute “constructive eviction,” nor form the basis for any defense, set-off
66
or counter claim by Lessee.
67
Lessee agrees to pay for any and all repairs, including approved or unapproved improvements or alterations, that
68
shall be necessary to put the Premises in the same condition as existed at commencement of this Lease, reasonable
69
wear and tear and loss by fire or acts of nature excepted, and the expense of such repairs shall be included within
70
the terms of this Lease. In the event Lessee shall fail to maintain the Premises as provided hereunder, and upon
71
notice by the Lessor fails to correct any deficiencies, such failure shall constitute grounds for termination of this
72
Lease by Lessor.
73
Any maintenance or repair that is not the obligation of Lessee shall be the responsibility of the Lessor. Lessor shall
74
discharge its maintenance and repair responsibilities in a timely manner. In the event Lessor fails to do so, and upon
75
notice by Lessee fails to correct any deficiencies, such failure shall constitute grounds for termination of this Lease
76
by Lessee.
77
8. DAMAGE BY FIRE OR CASUALTY. If the Premises is damaged by fire or other casualty not due to
78
Lessee’s negligence, Lessor will begin repairs as soon as possible. If the damaged Premises is uninhabitable, the
Lessee’s Initials: _____________/_____________
Lessor’s Initials: _____________/_____________
Premises: ____________________________________________________________________________________
Page 2 of 4
79
rent will cease until the repairs are made. If the Premises is not restored to habitable condition within ______ days
80
this Lease may be terminated at the option of Lessee upon written notice to Lessor. If Lessor decides not to repair
81
or re-build, Lessor may terminate this Lease by giving Lessee immediate written notice and Lessee will surrender
82
the Premises to Lessor. Lessor shall be responsible for all costs of repair of the Premises, provided the damage is
83
not caused by any willful act or negligence on the part of Lessee. If the damage is caused by Lessee’s willful act or
84
negligence, Lessee shall be responsible for all costs of repair of the Premises and Lessee shall remain obligated to
85
pay all rent and other charges through the end of this Lease, regardless of the habitability of the Premises.
86
9. CONDEMNATION. If any part of the Premises is taken by any authority for any public or quasi-public
87
purpose or use or a settlement or a compromise or a settlement in lieu thereof be made that would substantially alter
88
the intended use of the Premises, this Lease will terminate from the date when possession of the Premises is taken.
89
Lessee will have no right to any damages awarded or settlement made in this regard.
90
10. DEFAULT. If rent or any other sum due Lessor is unpaid; if there is default in compliance with any term of
91
this Lease; if the Premises is abandoned, deserted or vacated by Lessee, then Lessor will have the right to terminate
92
this Lease in accordance with any applicable statute or ordinance. In the event of a lawsuit between the parties the
93
prevailing party shall be entitled to their attorneys fees and costs.
94
11. HOLDOVER. Lessee will deliver possession of the Premises to Lessor upon expiration or termination of this
95
Lease. If Lessee fails to do so Lessee will pay an amount equal to three (3) times the monthly rent specified in this
96
Lease for each month or portion thereof that Lessee remains in possession of the Premises. Lessee will have no
97
rights in the Premises and will be a tenant in sufferance. Lessee will pay to Lessor any damages and costs incurred
98
by Lessor as a result of any holding over. Acceptance of rent after expiration or termination of this Lease will
99
constitute a renewal on a month to month basis.
100
12. LIABLITY. Lessor will not be liable to Lessee for any damage to Lessee’s person or property or agents,
101
employees, guests or invitees other than for Lessor’s gross negligence. Lessee will indemnify and hold Lessor
harmless from all claims of any nature. Lessee
shall
shall not be required to maintain renters insurance during
102
103
the term of this Lease. If renters insurance is to be maintained, Lessee shall furnish a copy of said policy to Lessor.
104
13. RIGHT OF ENTRY. Lessor or Lessor’s agents will have the right to enter the Premises at reasonable times
105
with reasonable notice, except in the event of an emergency, in order to inspect, to make ordinary, necessary repairs
106
or alterations, to enforce the provisions of this Lease and to show the Premises to prospective purchasers or lessees.
107
Lessee will allow Lessor to have placed upon the Premises, at all times, notices of "For Sale" and/or "To Rent" and
108
will not interfere with the same.
109
12. SUBORDINATION. This Lease is subject to and subordinate to the lien of all mortgages now or hereafter
110
placed on any part of Lessor’s property that includes the Premises, to any extensions and renewals thereof and to
111
advances now or thereafter made on the security thereof. Lessee will execute such instruments evidencing
112
subordination at Lessor’s request. If Lessee fails to comply with such request, Lessee hereby irrevocably empowers
113
Lessor to do so in Lessee’s name.
114
13. NOTICES. Any notice to Lessee addressed to the Premises or the Lessor at the address designated by Lessor
115
will be sufficient, if in writing and delivered to either party in person or by certified mail.
116
14. SEVERABILITY. If any part if this Lease is construed to be unenforceable, the remaining parts will remain in
117
full force and effect as though any unenforceable part was not written into this Lease.
P
15. LEAD-BASED PAINT DISCLOSURE.
rior to signing this Lease, Lessee (check one)
has
has not
118
received the EPA Pamphlet, "Protect Your Family From Lead in Your Home," and (check one)
has
has not
119
120
received a Lead-Based Paint Disclosure.
121
16. RULES AND REGULATIONS. Lessee and other authorized occupants and guests will comply with all
122
occupancy rules and regulations of Lessor, if any, and, with any homeowner association or condominium
123
association rules and regulations as amended from time to time and furnished to Lessee. Failure to comply with the
124
occupancy rules and regulations will be considered a default under the terms of this Lease.
125
Lessee’s Initials: _____________/_____________
Lessor’s Initials: _____________/_____________
Premises: ____________________________________________________________________________________
Page 3 of 4
126
17. OTHER TERMS OR PROVISIONS.
(a) Pets
are
are not permitted under this Lease. If pets are permitted, such permission is limited as follows:
127
type ________________ weight ________________ number of ________________. Further, the following
128
additional conditions apply: _____________________________________________________________________.
129
130
(b) In addition to any other remedies afforded to Lessor under this Lease, Lessor may charge Lessee the sum of
$______________ for any returned check. Two occurrences of returned checks during the term of this Lease,
131
132
including any extension of the term thereof, will require all future rental payments by Lessee to be made by
133
cashiers or certified check.
134
(c) Lessee shall pay ten dollars ($10.00) for each and any lost key replaced by Lessor.
135
(d) Lessee will not install satellite dishes, antennae or cables for television, radio, sound equipment, computer
136
equipment or Internet access without Lessor’s written consent in each case, and shall remove same and restore all
137
walls or other appurtenances prior to vacating Premises.
(e) (Check all that apply) Notice is hereby provided pursuant to Illinois statute that
Lessor
Lessee is an Illinois
138
139
licensed Real Estate Broker or Salesperson.
140
18. ENTIRE AGREEMENT. This Lease and any attachments constitute the complete and entire agreement
141
between the parties. No oral statements will be binding on either party. This Lease may only be modified by mutual
142
agreement of the parties. The following are hereby incorporated herein and made part of this Lease:
_____________________________________________________________________.
143
144
THIS IS A LEGALLY BINDING DOCUMENT. THE PARTIES ARE ADVISED TO CONSULT WITH THEIR
145
RESPECTIVE ATTORNEYS BEFORE SIGNING.
146
THIS DOCUMENT IS PROVIDED AS A COURTESY BY THE REALTOR® ASSOCIATION OF
147
NORTHWEST CHICAGOLAND AND MAY NOT COMPLY WITH ALL THE LAWS, ORDINANCES AND
148
REGULATIONS IN EVERY JURISDICTION. PRIOR TO THE EXECUTION OF THIS LEASE, LESSOR AND
149
LESSEE ARE ENCOURAGED TO CHECK ORDINANCES AND REGULATIONS TO VERIFY THE
150
REQUIREMENTS OF THE MUNICIPAL BODY IN WHICH THE PREMISES IS LOCATED.
151
IN WITNESS WHEREOF, the parties have signed and sealed this Lease on the date before written.
152
___________________________________________
__________________________________________
153
LESSEE SIGNATURE
LESSOR SIGNATURE
154
___________________________________________
__________________________________________
155
LESSEE SIGNATURE
LESSOR SIGNATURE
156
GUARANTEE
157
For value received, the undersigned hereby guarantees the payment of the rent and the performance of the
158
covenants by the Lessee of the terms of the Lease.
159
___________________________________________
__________________________________________
160
GUARANTOR SIGNATURE
DATE
161
___________________________________________
__________________________________________
162
PRINT GUARANTOR’S NAME
GUARANTOR’S PHONE
163
____________________________________________________________________________________________
164
GUARANTOR’S ADDRESS, CITY, ZIP
Copyright 2008 by REALTOR® Association of NorthWest Chicagoland. All rights reserved. 12/02/08
Premises: ____________________________________________________________________________________
Page 4 of 4
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