Apartments for Lease Takeover in Chicago, IL
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Apartments lease takeover FAQ — Chicago, IL
How does a apartment lease takeover work in Chicago, IL?
The current tenant lists the apartment on ReletMe with the rent, lease end date, and property details. When you find a match, you apply with the landlord or property management company, and once they approve, the remaining lease term transfers to you. ReletMe is a marketplace only and is not a party to the lease.
Does the landlord have to approve a lease takeover in Chicago, IL?
Yes. Lease transfers and subleases generally require written approval from the landlord or property manager, and many charge a transfer or application fee. Review the lease's assignment clause and confirm the property's process before committing.
How are rent and deposits handled on a Chicago, IL lease takeover?
Rent, deposits, and any transfer fees are paid directly to the landlord or property management company under the lease terms. ReletMe never collects rent or deposits — never send money to an individual you meet on the platform.