This Landlord’s Undertaking with Tenant’s Lender is an agreement between the lender and the landlord regarding default by a tenant and lender’s security interests located on landlord’s property. The lender will often require that a tenant’s landlord sign this agreement before lending any money. A written Landlord’s Undertaking with Tenant’s Lender will prove valuable in the event of future disagreements or misunderstandings.

This Landlord’s Undertaking with Tenant’s Lender for Illinois includes the following:

• Tenant Information: The name of the tenant, the date the lease was signed and the address of the premises;
• Loan Information: Information regarding the loan the tenant has applied for;
• Landlord Covenants: Landlord agrees to certain covenants with the lender including a default under the lease clause;
• Signature: The landlord must sign the undertaking.

Protect your Rights and your Property by using our attorney-prepared forms.

This attorney-prepared packet contains:

1. General Instructions
2. Landlord’s Undertaking with Tenant’s Lender for use in Illinois

State Law Compliance: This form complies with the laws of Illinois