This package is for tenants and landlords in Illinois to avoid an eviction when a rent repayment plan is possible. An eviction is a costly and time consuming process without any guarantee that a landlord will recover unpaid rent and subject a tenant who may have missed just one month's payment to long-term credit difficulties.
Included are the following documents for a rent repayment plan in Illinois:
1. Rent repayment plan
2. Initial Cover letter between tenant and landlord
3. Detailed instructions to complete these documents
The seller of this package, Michael E. Byczek, is a licensed managing real estate broker and attorney in Illinois. He has been licensed as a broker since 2003 and an attorney since 2007.
You shall receive a fully customized repayment plan unique to your particular circumstances. Once payment is received and the written Attorney-Client agreement acknowledged, you will receive access to a secure collaborative file sharing platform to exchange documents and information.
COVID-19 imposed legal obligations on landlords to enter into good-faith negotiations with tenants to arrange a rent repayment plan. Some tenants who missed their rent did so without any fault of their own and would like an opportunity to avoid eviction through a rent repayment agreement. Landlords benefit from recovering lost rent without the need for an eviction.
The contract is based on a 12-month lease with at least one unpaid month (a 12 month chart is included). There are three repayment options: (1) downpayment of what the tenant can afford and pay the balance over an agreed upon number of months; (2) repay the entire balance in equal amounts; or (3) make minimum monthly payments with a lump sum due at the end of the lease. All payments are deferred for two months by default with an option to start repayment immediately.
Options allow whether to apply money held by the landlord in the form of security deposit and prepayment of rent towards the balance. It also allows the landlord to impose late fees, interest on the balance, or an early termination fee if the tenant vacates the property. A lease modification provision is included to reduce or defer future rent payments.
Each page shall include a notary provision for the best possible protection, even though not required by law.
Disclaimer: This package is for tenants and landlords in Illinois to negotiate an unpaid rent repayment plan.
The documents are provided for personal non-commercial use.
This customized legal service requires a written Attorney-Client agreement. You must read, acknowledge, and submit the agreement before an attorney-client relationship is formed. You may send payment first, but legal services shall not be provided without the agreement.
Each party to the lease who is requesting these services must submit their own separate attorney-client agreement. For example, if the tenants are a married couple, each spouse must submit their own agreement. Only one fee is required, even though multiple agreements are submitted. This step is the virtual equivalent of multiple clients signing a single physical contract in-person.
Online payments may be made with PayPal or Venmo through the following options (link opens a QR Code for payment).
1. Scan the QR code (below) for a one-time payment of $49 (click for a larger image)