Illinois Commercial Lease Agreement

The Illinois Commercial Lease Agreement is a document designed for professionals planning on leasing a property which will be used solely for business purposes. Because the agreement is exclusively between professionals, the state of Illinois has far fewer protections in place for the tenant than exist for residential tenants. This is because it is thought that business people are far less likely to be taken advantage of and thus are responsible for ensuring they are treated fairly. Negotiation is pivotal between the parties is pivotal – before any signatures are written on the lease, the tenant(s) should understand and agree with every condition contained within the form. If any questions cannot be answered easily, it is highly recommended the business-tenant has a licensed realtor check over the document.