eForms Logo

Illinois Rent-to-Own Lease Agreement

Create a high-quality document now!

Illinois Rent-to-Own Lease Agreement

Updated April 14, 2023

An Illinois rent-to-own lease agreement is a document used for the renting of a property while giving the tenant an option to purchase. The landlord and tenant will agree to similar terms as a standard lease that will terminate at the end of the term (if a purchase does not occur). Before signing a lease, the landlord will commonly screen the tenant to verify their income.

Rental Application – Use to run a credit report and background check on an applying tenant.