Illinois Compiled Statutes 735 ILCS 5/9-213 – Expiration of term
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Terms Used In Illinois Compiled Statutes 735 ILCS 5/9-213
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
When the tenancy is for a certain period, and the term expires by the terms of the lease, the tenant is then bound to surrender possession, and no notice to quit or demand of possession is necessary.