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The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
Landlord–tenant law generally recognizes differences between residential and commercial leases on the assumption that residential leases present much more of a risk of unequal bargaining power than commercial leases. [8] Residential leases are contracts that are designed for individuals or groups to live, or reside, in the leased space. Most ...
As of 2022, 50% of Illinois's population younger than age 4 were minorities (Note: Children born to white Hispanics or to a sole full or partial minority parent are counted as minorities). [ 101 ] The state's most populous ethnic group, non-Hispanic white, has declined from 83.5% in 1970 [ 102 ] to 58.5% in 2022. [ 100 ]
The most common form of real property lease is a residential rental agreement between landlord and tenant. [7] As the relationship between the tenant and the landlord is called a tenancy, this term generally is also used for informal and shorter leases. The right to possession by the tenant is sometimes called a leasehold interest.
[1] [2] The compilation organizes the general Acts of Illinois into 67 chapters arranged within 9 major topic areas. [3] The ILCS took effect in 1993, replacing the previous numbering scheme generally known as the Illinois Revised Statutes (Ill. Rev. Stat.), the latest of which had been adopted in 1874 but appended by private publishers since. [3]
0–9. 55 East Erie Street; 113 East Roosevelt (Phase II) 235 Van Buren; 340 on the Park; 400 East Ohio Street; 400 East Randolph; 400 Lake Shore; 401 East Ontario