Illinois Commercial Lease Agreement Template


The Illinois commercial lease agreement defines the parameters associated with the rights and responsibilities of renting a piece of property for the operation of company activities. The paper form lays out the terms and conditions to be followed by both lessor and lessee for the duration of the leasing period. When considering options during the negotiation stage of the leasing process, a firm understanding of the commitment is then represented through the language of the document for further confirmation by the involved parties. Specified within are stipulated facts on the participating individuals, name of the business, property address, lease type, signage provisions, conditions, and premises regulations. It is recommended to take time to read over the contract in its entirety before signing, as a commercial lease can tend to be more sophisticated than a typical residential lease. Once a mutual agreement has been realized on both sides, an accord can be made, and signatures affixed to solidify the arrangement. Additional allocated blank spaces have been supplied to assist a notary professional in witnessing the endorsement of the form.