What is Form IL 864LT and why do I need it?

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U.S. Legal Forms, Inc. http://www.uslegalforms.com Form IL-864LT Residential Lease Agreement, Page 1 ILLINOIS RESIDENTIAL LEASE AGREEMENT This Residential Lease Agreement (hereinafter “Lease”) is entered into this the ____ day of _____________________, 20____, by and between the Lessor: ______________________________________, (hereinafter referred to as “Landlord”), and the Lessee(s): ______________________________________________________________________________________. All Lessees (hereinafter referred to collectively as “Tenant”), are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. For the valuable consideration described below, the sufficiency of which is hereby acknowledged, Landlord and Tenant do hereby covenant, contract and agree as follows: 1. GRANT OF LEASE: Landlord does hereby lease unto Tenant, and Tenant does hereby rent from Landlord, solely for use as a personal residence, excluding all other uses, the personal residence located in __________________ County, Illinois, with address of: ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________, including the following items of personal property:________________________________________________ ________________________________________________________________________________________________. 2. NATURE OF OCCUPANCY: As a special consideration and inducement for the granting of this Lease by the Landlord to the Tenant, the personal residence described above shall be used and occupied only by the members of the Tenant’s family or others whose names and ages are set forth below:________________________________________________________________________________________________________________________________________________________________________________________________. 3. TERM OF LEASE: This Lease shall commence on the ____ day of ___________________, 20____, and extend until its expiration on the ____ day of _________________, 20____, unless renewed or extended pursuant to the terms herein. 4. SECURITY DEPOSIT: Upon execution of this Lease, Tenant shall deposit the sum of $___________ to be held by Landlord as a security deposit for reasonable cleaning of, and repair of damages to, the premises upon the expiration or termination of this Lease, or other reasonable damages resulting from a default by Tenant. Tenant shall be liable to Landlord for all damages to the leased premises upon the termination of this Lease, ordinary

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