(765 ILCS 730/2) (from Ch. 80, par. 42)
Sec. 2.
A rent concession is made, within the meaning of this Act, when, in
case of a written lease of real estate or a part thereof, the lessor before
or at the time the lease or any agreement therefor is entered into, and in
consideration of such lease or agreement therefor, directly or indirectly,
gives, or agrees or promises to give, to the lessee, without express
mention thereof in the lease, any of the following: (1) any credit upon the
rent reserved by the lease between the parties, or rebate of such rent or
any part thereof after payment thereof by the lessee, or (2) the right,
privilege or license to occupy the leased premises for a period other than
the term created by the lease, rent free or for a rent less than the
average rent fixed by the lease for the entire term, or (3) any other
valuable thing, right or privilege. Repairing and decorating the leased
premises by the lessor shall not be deemed a rent concession. An agreement by a
lessor to waive any of the terms or conditions of the lease other than those
relating to the payment of rent shall not be deemed a rent concession.
(Source: P.A. 88-45.)
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