Illinois Leasing Agent Practice Exam

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Study for the Illinois Leasing Agent Exam. Prepare with flashcards and multiple-choice questions; each with hints and explanations. Gear up for your licensed career!

Practice this question and more.

How much notice is required in Illinois to terminate a month-to-month lease?

15 days
30 days
60 days
90 days

The correct answer is: 30 days

In Illinois, a month-to-month lease can be terminated by either party by providing a notice of at least 30 days. This requirement is designed to give both landlords and tenants sufficient time to prepare for the changes associated with ending a tenancy. The 30-day notice serves as a reasonable period to allow tenants to find new housing, while also giving landlords time to secure new tenants for their rental property. The policy provides a fair balance between the rights of tenants and landlords, ensuring that neither party is left in a sudden or unanticipated situation. This timeframe aligns with common practices in many areas and is consistent with the Residential Tenants' Right to Notice Act, which governs rental agreements in Illinois.