Notice to Tenant of Transfer of Chicago Residential Lease (IL) | Practical Law
A notice to a residential tenant when the landlord's Chicago, Illinois, single-family or multiple dwelling unit property is sold. This notice informs the tenant of the change in ownership of the Chicago property, the assignment of the lease, and the transfer of the security deposit to the purchaser. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both sellers and purchasers.