Illinois Month-to-Month Lease Agreement
The Illinois Month-to-Month Lease Agreement is a flexible, short-term contract that allows a landlord to rent a property to a tenant without setting a binding end-date. Other than the lease’s flexibility in duration, it contains similar conditions and rules to a yearly lease. Either party can end the lease for any reason so long the required notice (thirty days per state law) is given to the other party. In comparison to a standard lease, a major benefit of monthly leases is that properties that are lived in (by the owners) for a portion of the year can still be rented out. Additionally, charged rent is typically higher due to the added risk faced for landlords. Having said, landlords should be prepared for the lease to end abruptly, which would require them to find a new tenant at a moment’s notice.
Statute: 735 ILCS 5/9-207
Required Notice to Terminate: For week-to-week tenancies: seven (7) days’ notice must be given. For monthly tenancies, thirty (30) days’ notice must be provided.