Terms and Conditions of Rental Agreements

(a)A landlord and a tenant may include in a rental agreement terms and conditions not prohibited by this Act or other law, rule, or regulation.

(b)In the absence of a rental agreement, the tenant shall pay as rent the fair market rental value for the use and occupancy of the dwelling unit.

(c)Rent is payable without demand or notice at the time and place agreed upon by the parties.