Illinois Compiled Statutes 765 ILCS 745/7 – Effect of Unsigned Lease
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Terms Used In Illinois Compiled Statutes 765 ILCS 745/7
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
If the tenant shall fail to sign a written lease which has been signed and tendered to him by the owner and shall further provide the owner with a rejection in writing of such offer, the tenant’s continuation of possession and payment of rent without reservation shall constitute an acceptance of the lease with the same effect as if it had been signed by the tenant.