Illinois landlord forms / Lease Renewal Agreement
Illinois Lease Renewal Agreement
$19Extend an existing tenancy for a new term without redrafting the whole lease — set the new dates and rent, note any other changed terms, and everything else from the original lease stays in force.
Core state figures — deposit caps, notice periods, entry rules — independently verified by a licensed U.S. attorney.
What Illinois law requires
- Security deposit cap
- Illinois has no statewide cap on how much a landlord can charge for a security deposit. (Buildings with 25 or more units must pay the tenant interest on deposits held over 6 months, under a separate statute — 765 ILCS 715/1 — not a cap on the deposit amount itself.)765 ILCS 715/1 (interest-only; no statute imposes a deposit-amount cap) · source
- Deposit return deadline
- 45 days (up to 30 if withholding)765 ILCS 710/1(a) · source
- Month-to-month termination notice
- 30 days735 ILCS 5/9-207 · source
- Pay-or-quit notice (late rent)
- 5 days735 ILCS 5/9-209 · source
- Late fee guidance
- no statutory cap
Frequently asked questions
Do I need this instead of a new lease?
If the tenant is staying and most terms are unchanged, a renewal is simpler than a full new lease. If a lot is changing (new tenants, major rule changes), a fresh lease is cleaner.
Can I raise the rent with this document?
Yes — set the new monthly rent for the renewal term. Some states cap how much or how often rent can increase; verify your state's rule before finalizing the amount.
Need more than one document?
The Complete Landlord Pack includes this document plus 5 more for Illinois, with unlimited edits for 12 months.
See the Illinois pack