![]() ![]() If a lease is not in writing, it will probably be a periodic lease, which is one without a definite term. The most common form of lease is a written agreement that spells out all of the terms and conditions binding upon both parties. ![]() Although the terms of an oral lease may be difficult to determine, a party may be bound to the terms of an oral agreement just as much as a written one. In Illinois, a lease need not be in writing unless it is for a term greater than one year. No particular words are necessary to create a lease, but generally the terms of a lease include a description of the real estate, the duration of the agreement, the rent, and the time of payment. The relationship between landlord and tenant arises from an agreement called a lease by which one party occupies the real estate of another with the owner's consent. This pamphlet provides general information about being a tenant in Illinois, but your municipality may provide you with greater protection under the law. Laws that affect landlords and tenants can vary significantly from city to city. Although the problems facing a landlord are just as perplexing at times as those facing the tenant, the problems facing the tenant are the general subject matter of this pamphlet. At some point during their lives most people will be involved with the rental of real estate, either as landlord or tenant. ![]()
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