Legal Question in Landlord & Tenant Law in Illinois
the lease/my deposit
When is a lease considered a legal contract? I gave a deposit, signed the lease, but it doesn't go into affect until June 1st. I lost my job and I need out of the lease, and my deposit back...is that possible?
Asked on 5/29/03, 1:57 am
1 Answer from Attorneys
Mary McDonagh
McDonagh-Faherty Law Offices
Re: the lease/my deposit
That is what the deposit is for - to allow the landlord a break for holding the apartment for you - you should notify him immediately that you want out of the lease based on your circumstances. He will likely keep the deposit - however, maybe you'll get lucky and he'll be a nice guy. A lease is a legal contract from the moment both parties sign it.
Answered on 5/29/03, 11:53 am
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