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Lease Renewal Notice Template – Illinois
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Lease Renewal Notice Template
1. Parties and Lease Reference
This Lease Renewal Notice ("Notice") is issued on [Date], by and between:
Lessor: [Lessor/Company Name], [Address], [Email], [Phone]
Lessee: [Lessee Name], [Address], [Email], [Phone]
Leased Asset: [Description of Leased Property, Equipment, or Vehicle]
Original Lease Date: [Original Lease Date]
Current Lease End Date: [Current Lease End Date]
2. Renewal Term
Lessor offers to renew the lease for a term of [X months/years], commencing on [New Term Start Date] and ending on [New Term End Date].
3. Payment Terms
During the renewal term, the payment obligations will be:
Amount: [New Rent/Lease Payment Amount]
Frequency: [Monthly/Quarterly/Other]
Due Date: [Day of each period]
4. Security Deposit
The current deposit of [Deposit Amount] will remain in effect. If an adjustment is required, Lessee agrees to provide the difference of [Adjustment Amount] by [Date].
5. Other Amended Terms (If Any)
The following changes will apply during the renewal term:
[Amendment 1]
[Amendment 2]
[Amendment 3]
6. Acceptance and Deadline
Lessee must sign and return this Notice (or the attached renewal agreement) by [Response Deadline] via [Delivery Method].
7. Non-Acceptance and Holdover
If Lessee does not respond by the deadline, the lease will expire on [Current Lease End Date], and Lessee must return or vacate the leased asset in accordance with the original lease terms and applicable law.
If Lessee continues possession after expiration without a signed renewal, the arrangement will default to holdover status under the lease and applicable law, which may include higher month-to-month rates or additional charges.
8. Compliance and Conditions Checklist
Condition Item | Required (Yes/No) | Due Date | Provided (Yes/No) | Reference ID/Notes |
[Insurance proof (if applicable)] | [Yes/No] | [MM/DD/YYYY] | [Yes/No] | [Ref/Notes] |
[Outstanding balance resolved] | [Yes/No] | [MM/DD/YYYY] | [Yes/No] | [Ref/Notes] |
[Inspection scheduled] | [Yes/No] | [MM/DD/YYYY] | [Yes/No] | [Ref/Notes] |
9. Governing Law
This Notice and any resulting renewal agreement shall be governed by the laws of the State of Illinois.
10. Signatures
Lessor/Agent: ________________________
Name/Title: _____________________________
Date: _________________________________
Lessee: _____________________________
Name: _________________________________
Date: _________________________________
☐ Lessee accepts the renewal as stated
☐ Lessee proposes the following changes: ____________________________
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Lease Renewal Notice Template – Illinois
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For quick answers, scroll below to see the FAQ.
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
Illinois Lease Renewal Notice Template FAQ
What is the difference between renewing a lease and extending a lease?
In practice, both terms can describe continuing the tenancy beyond the current end date, but the documents may be structured differently. A renewal notice typically proposes a new term starting after the current term ends, while an extension might add time onto the existing lease without re-setting other terms. The most important part is that the document states the new dates, rent terms, and whether other lease provisions remain the same. If the parties treat it as a renewal, they should clearly identify the renewal term and any amendments. If the parties treat it as an extension, they should confirm that the original lease remains in effect with the adjusted end date. Clear wording avoids confusion about which document controls.
Why does the Illinois version include a compliance and conditions checklist table?
A compliance and conditions checklist creates a structured place to document items that often affect renewal decisions, such as outstanding balances, required insurance proofs for commercial tenants, or inspection scheduling. The checklist helps property managers confirm that administrative conditions are satisfied before the renewal becomes effective. It can also help tenants understand what they need to provide, such as updated contact details or proof of coverage, without relying on scattered emails. The table is designed as an organizational tool that supports the renewal process and reduces last-minute issues. It does not add new legal requirements; it provides a place to track agreed conditions and confirm completion.
Should a renewal notice reference the original lease and attach it?
A renewal notice should reference the original lease date and identify the lease being renewed, especially if a tenant has had multiple lease terms over time. Whether you attach the lease depends on your workflow, but referencing it clearly helps ensure both sides are talking about the same document. If the renewal changes only a few terms, the notice can state that all other terms remain unchanged under the original lease, except as amended. This approach avoids rewriting the full lease while still creating a clear record of what is changing. If a tenant asks for a copy, providing it can reduce confusion and speed up acceptance because the tenant can review the original terms alongside the renewal offer.
How should a tenant’s proposed changes be captured?
If the tenant proposes changes, capturing them in writing is essential. The notice can include a checkbox and a blank line for proposed changes, but if the changes are substantial, it is often better to move them into a separate renewal addendum so the final terms are clear. The key is to avoid having multiple versions floating around without signatures. If the tenant proposes changes by email, you can incorporate them into a revised notice or addendum and have both parties sign. Written capture of proposed changes also creates a timeline of negotiation, which can be helpful if there is later disagreement about what was offered or accepted.
What if the lease expires while the parties are still negotiating renewal terms?
If the lease expires during negotiations, the tenant’s occupancy status may shift to whatever the original lease provides for holdover or month-to-month continuation, if applicable. To avoid uncertainty, parties often extend the response deadline or agree in writing to a short interim extension while negotiations continue. The key is to document any interim arrangement so there is no confusion about rent rate, due dates, or termination rights during the negotiation period. A renewal notice that includes a clear deadline can help highlight when a decision must be made. If negotiations are expected to take longer, a written interim extension can preserve stability while the parties finalize the renewal.
How should security deposit changes be documented?
If the security deposit is changing, the notice should state the current deposit amount, the new required amount, and the difference due. It should also include the due date and the method of payment. This prevents disputes later about whether the tenant agreed to increase the deposit as part of the renewal. If the tenant pays an additional deposit, a written receipt or acknowledgment helps both sides’ records. If the deposit remains unchanged, stating that clearly can also reduce confusion. Deposit clarity matters because it affects move-out accounting and can become a dispute point long after the renewal is signed.
Can AI Lawyer help standardize renewal notices across residential and commercial leases?
AI Lawyer can help you standardize a lease renewal notice template by providing consistent fields for dates, rent terms, deposit handling, and response procedures while allowing optional modules tailored to residential or commercial workflows. For example, you can add a conditions checklist for commercial renewals or a move-out coordination block for residential turnover planning. You still need to align the notice with your existing lease terms and business practices, but a structured template reduces missing information and improves documentation. Standardization also helps property teams, because staff can process renewals faster when each notice follows the same logical flow and captures key details the same way every time.
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