Legal Question in Real Estate Law in Illinois

It is an acknowledgment by you, if you are the injured party releasing the landlord from some kind of liability, that you COULD have filed a lawsuit against the landlord for your damages, and the kind of lawsuit COULD have been one based on the lease, which is a contract, because the nature of the landlord's fault was a breach of the lease contract.

Because you are choosing to pick out 1 sentence or clause from a complete release document, there is no way for sure to say that the above interpretation is accurate, complete, or may have legal consequences based on other portions of the release document. You are admonished to have an attorney review the complete release document before deciding whether to sign off or not. Don't be penny wise and pound foolish if the amount being paid to get your signature on the release is of any significance OR there may be damages in the future you are signing away....