Leasing License Practice Exam

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Prepare for the Leasing License Test using our comprehensive flashcards and multiple-choice questions. Each question includes hints and explanations to enhance your learning experience. Excel in your examination!

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How much notice is required to terminate a month-to-month lease in Illinois?

30 days
60 days
90 days
15 days

The correct answer is: 30 days

In Illinois, a month-to-month lease can be terminated by either party with a minimum of 30 days' notice. This requirement allows sufficient time for both the landlord and the tenant to prepare for the end of the lease. The 30-day notice period is standard in many jurisdictions for month-to-month agreements, reflecting the nature of this flexible leasing arrangement. It ensures that both parties have adequate time to make necessary arrangements, either to vacate the premises or to find a new tenant. Understanding this timeline is crucial for both landlords and tenants to avoid any misunderstandings regarding the lease's termination.