Illinois Commercial Lease Agreement

Sublet all or part of your leased business space to a subtenant with this Illinois Commercial Sublease Agreement.

• The Sublease can be used for office, retail shopping or other business premises.
• The subtenant pays the security deposit and the rent to the original tenant, who in turn pays the landlord.
• The original tenant must still perform its obligations under the head lease for the duration of the lease term.
• The original tenant assigns its interest in the sublease to the landlord.
• The original tenant directs the subtenant to pay rent directly to the landlord if the original tenant defaults in any of its obligations under the head lease.
• Available in MS Word format.
• Intended for use only in the State of Illinois.

Cancel a business lease for office or retail space with this Illinois Mutual Cancellation of Commercial Lease template.

• This agreement is for commercial tenants only. You need a different form for residential rental properties.
• Both the lessor and lessee mutually agree to terminate the lease as of a specific date.
• The cancellation of the lease extinguishes all the rights and obligations of the parties under the lease, except for those which accrue prior to the termination date.
• Available in MS Word format.
• Intended to be used only in the State of Illinois.

Obtain a Guaranty of a commercial lease from a business tenant with this downloadable template form for the State of Illinois.

• The Guaranty is absolute, unconditional, irrevocable and continuing.
• The guarantor guarantees payment of all rent, debts, and enforcement costs due to the landlord, and the performance of all of the tenant's covenants and obligations under the lease.
• If the lease is terminated due to the tenant's default, the guarantor agrees to enter into a new lease on the same terms and conditions which will continue until the date on which the original lease would have terminated.

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