Illinois Requirements for Month-to-Month Rental Agreement
Notice Periods
- Nonpayment: 5 days
- Month-to-Month: 30 days
- Rent Increase: 30 days
Security Deposit
- Maximum: No limit
- Return Deadline: 45 days
Rent Control
Rent control applies in some areas
Cities with rent control: Chicago (under RLTO)
Key IL Facts
- 5-day notice for nonpayment
- 10-day notice for lease violations
- Chicago has specific landlord-tenant ordinance (RLTO)
Problems This Month-to-Month Rental Agreement Solves
Flexible tenancy needs
Between fixed-term leases
Short-term rentals
Uncertain situations