Rent Repayment Plan for Android

11 things about Rent Repayment Plan

1. Users may refer to these provisions to understand the rules that determine whether an agreement between a landlord and tenant for rent repayment is valid and enforceable.

2. This app is for tenants and landlords in Illinois to avoid an eviction when a rent repayment plan is possible.

3. Disclaimer: This app is for tenants and landlords in Illinois to negotiate an unpaid rent repayment plan.

4. Included are relevant provisions of the recent Chicago Eviction Ordinance that describe some of the legal requirements for a rent repayment plan.

5. 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.

6. There are legal obligations for landlords to enter into good-faith negotiations with tenants to arrange a rent repayment plan.

7. 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.

8. 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.

9. The first is a three-page rent repayment plan in PDF format.

10. Options allow whether to apply money held by the landlord in the form of security deposit and prepayment of rent towards the balance.

11. The third shows a detailed explanation with instructions to fully understand the rent repayment process.