Sell Your Pekin Rental Property

• Buy with tenants in place
• As-is — no repairs
• No fees, no commissions
• Skip the listing
• Close in as little as 7 days

Owning a rental comes with maintenance, tenants, and late-night calls. If you'd rather cash out, we buy rental properties throughout Tazewell County — occupied or vacant, in any condition.

We'll make a fair cash offer so you can exit the property without the work of a traditional sale.

Tenants and eviction in Illinois

If a landlord wants to sell a rental property, a tenant's existing lease generally transfers with the property to the new owner — the tenant keeps their rights and their lease terms. Selling with tenants in place is common and lawful; the lease simply carries over to the buyer.

If a landlord needs to regain possession of a unit, Illinois requires written notice before any court action. For nonpayment of rent, the notice period is five days (735 ILCS 5/9-209). Other situations have longer notice periods — 10 days for a lease violation, 30 days to end a month-to-month tenancy, and 60 days or more for longer tenancies (735 ILCS 5/9). The exact notice depends on the type of tenancy and the reason.

After notice, the landlord must file an eviction case in circuit court and obtain a court order. A simple, uncontested nonpayment eviction can take roughly 30 to 60 days from notice to a court order for possession. A contested case — one where the tenant fights the eviction or raises defenses — can take several months or longer, and enforcement of the order is handled by the county sheriff.

If a tenant is on a month-to-month tenancy, the landlord generally must give at least 30 days' written notice to end it. A fixed-term lease continues until its end date, and the new owner steps into the landlord's role under the existing lease — which is why selling with a tenant in place is usually the simplest path.

Illinois also has a security deposit law (the Security Deposit Return Act) that requires a landlord to return a tenant's security deposit within a set window after the tenancy ends, with any deductions itemized. Those obligations carry over to a new owner, so a buyer inherits the deposit as well as the lease.

Sources

• Illinois Legal Aid Online — "Going to court for an eviction case" and "Understanding eviction (tenant)"
• 735 ILCS 5/9-209 — 5-day nonpayment notice
• Illinois Attorney General — "Landlord and Tenant Rights" (30-day month-to-month, 60-day longer)
• Cook County Sheriff's Office — "Eviction Procedure" (5-day notice, court order)