Illinois Rental Application
The majority of landlords in Illinois prefer this application as it gives an informative and useful summary of the potential tenant’s credit, rental, criminal, and employment history. This allows the landlord to determine if the applying tenant will be a trustworthy and financially responsible individual to work with. The landlord should remember that there are many other precautions to take besides a rental application to ensure his or her property will remain covered.
One of the most important precaution measure for the landlord to request the tenant to pay a security deposit once accepted into the property. This will ensure if any damage does occur to the property, it is covered financially in advance. If the tenant ends the lease without damaging the property (besides basic maintenance), then the landlord will typically reimburse the tenant the cost of the security deposit and must do so within thirty (30) days unless a deduction is disputed, then forty-five (45) days is allowed (Statute 710/1).
- Landlords should read the Guide to Renting before accepting a tenant.