Lease Agreement 702 S PrairieLease Agreement 702 S Prairie • October 26th, 2020 • Illinois
3A. Real Estate Taxes – “Lessee shall be liable for the payment of real estate taxes with respect to the residence in accordance with the terms and conditions of Section 15-175 of the Property Tax Code (35 ILCS 200/15-175). The permanent real estate index number for the premises is (_______), and, according to the most recent property tax bill, the current amount of real estate taxes associated with the premises is (____________) per year. The parties agree that the monthly rent set forth shall be increased or decreased pro rata (effective January 1 of each calendar year) to reflect any increase or decrease in real estate taxes. Lessee shall be deemed to be satisfying Lessee's liability for the above-mentioned real estate taxes with the monthly rent payments as set forth above (or increased or decreased as set forth herein)."
