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Debt

Promissory Note

Illinois

Asked on Jun 6, 2022

Can you do a promissory note for my tenant?

my tenant owes me $10,400 back rent, she promises to pay me back.

1 Attorney answer

Answer

Debt

Illinois

Answered 80 days ago

T. Phillip B.

ContractsCounsel verified

Business Lawyer
Licensed in Illinois
Free Consultation

Yes, you could create a promissory note and terms in that note for repayment of back rent. That would create an obligation for her that if she defaults, you'd file as a breach of contract rather than an eviction at that point.

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