The purpose of the City of Chicago Residential Lease 2021 PDF is to provide a legally binding agreement between a landlord and tenant for the rental of a residential property in the city of Chicago. The lease outlines the terms and conditions of the rental agreement, including the duration of the lease, rent payment terms, security deposit requirements, maintenance responsibilities, and other important details. This standardized lease form is designed to protect the rights and interests of both parties and ensure a fair and transparent rental agreement.