Can a lease increase go every year into infinity ?

Asked about 2 years ago - Chicago, IL

I was told that the rent goes up every year.

Attorney answers (4)

  1. Emma Lee Scott

    Contributor Level 13

    1

    Lawyer agrees

    Answered . Yes. You are then free to accept or reject the new contract terms.

    This answer is intended as informational only, and does not constitute legal advice or form an attorney-client... more
  2. Tara Leigh Goodwin

    Contributor Level 16

    Answered . There are no laws in Illinois forbidding annual rent increases, so they are free to propose whatever amount they seek. The only way I can imagine them getting into trouble for rent increases would be if they imposed them in a discriminatory manner, or imposed an excessive increase on a tenant who exercised rights under the Chicago RLTO.

    The above response is not intended to create, nor does it create either an attorney-client relationship or an... more
  3. Judy A. Goldstein

    Contributor Level 20

    Answered . Leases can increase annually. You have the option to renew or not renew.

  4. Rixon Charles Rafter III

    Contributor Level 20

    Answered . Infinity? Probably not. But as long as a tenant agrees to the incease by accepting and signing the new contract--yes, an annual rent increase that is in accordance with state laws and city ordinances is perfectly normal.

    READ THIS BEFORE CALLING OR EMAILING ME: I am licensed to practice before the state and federal courts in Virginia.... more

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