Illinois Renewal and Extension of Commercial Lease

Rent commercial office, retail or restaurant space to a business tenant with this comprehensive Commercial Lease Agreement for Illinois.

• The tenant has an option to renew the lease at the end of the initial term.
• The template includes two alternate clauses for property taxes, depending on whether they're being paid by the landlord or the tenant.
• The lease also contains provisions for either (i) a double net lease (landlord responsible for mechanical and structural repairs), or (ii) a triple net lease (tenant pays for all repairs and maintenance).
• Common parking areas are shared by all tenants and their employees and customers.
• Available in MS Word format and fully editable to fit your circumstances.
• 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.

To download the Illinois Guaranty of Commercial Lease form, add it to the shopping cart and check out via our secure transaction server.

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.