An Illinois lease termination letter (60-day notice) is a formal instrument for the landlord or the tenant to conclude a year-to-year tenancy arrangement. Additionally, within Chicago, this notice holds relevance for terminating tenancies spanning from six (6) months to three (3) years or for delivering a notice of non-renewal of the lease.
The lease termination letter must be issued by either party no later than sixty (60) calendar days before the specified end date outlined in the letter. Adhering to this timeframe ensures that both parties have ample time for necessary preparations and facilitates a seamless transition in accordance with the terms stipulated in the lease agreement.
