🌿 Illinois Rent Concession Disclosure
Disclosure of Concessions When Advertised Rent Differs from Actual Rent
ILLINOIS DISCLOSURE REQUIREMENT: Under the Illinois Rent Concession Act (765 ILCS 730), when a landlord advertises or offers a rent concession — any discount, free month, gift, or other incentive that reduces the effective rent — the landlord must disclose the actual rent and the nature of the concession in writing. The advertised concession must be stated on the face of the lease.
💰 Concession Details
👤 Tenant Information
🏠 Rental Property
👔 Landlord Information & Signature
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The Illinois Rent Concession Act (765 ILCS 730) requires that any rent concession offered to induce a tenant to rent must be prominently disclosed on the face of the lease. The actual rent — without the concession — must be clearly stated. This prevents landlords from advertising artificially low rents through undisclosed concessions.
What Counts as a Rent Concession
- Free rent for one or more months
- Reduced rent for an initial period
- Free parking, storage, or amenities typically charged separately
- Gift cards or cash incentives to sign a lease
- Waived fees that are normally charged
⚖ Legal Disclaimer
This form is for informational purposes only. Illinois disclosure requirements vary by municipality — Chicago has additional requirements. Consult a qualified Illinois attorney before signing any lease.
