lease expired. He maintains, however, that under Illinois law he acquired rights as a holdover tenant by virtue of his continued occupancy and payment of rent after the expiration of the lease. Under Illinois law, a landlord who continues to accept rent from a tenant who has held over after the expiration of an express multi-year lease is presumed to create an implied year-to-year tenancy. Wanous v. Bolaco, 412 Ill. 545, 547, 107 N.E.2d 791, 792 (Ill.1952); Bransky v. Schmidt Motor Sales, Inc., 222 Ill.App.3d 1056, 1061, 165 Ill.Dec. 458, 584 N.E.2d 892, 895 (Ill.App.Ct.1991); Troccoli v. L & B Prods, of Ill., Inc., 189 Ill.App.3d 319, 321, 136 Ill.Dec. 695, 545 N.E.2d 219, 221 (Ill.App.Ct.1989); see also Butz v. Butz, 13 Ill.App.3d 341, 346-47, 299 N.E.2d 782, 786 (Ill.App.Ct.1973) (<HOLDING>). The presumption of a holdover tenancy may be
holding that under an option requiring renewal at the expiration of the lease but providing no more specific time requirement the lessee had a reasonable time to exercise the option within the term of the lease recognizing that a lease providing for renewal at the termination of the lease did not require the lessee to exercise the option before the lease expired nor did it require renewal at the precise hour of termination but gave the lessee a reasonable time after the termination of the lease in which to make his election holding that even if the doctrine applies to option contracts no conversion would take place until the option were exercised by the party having the right of election holding that under an option requiring renewal at the expiration of the lease the lessee was required to exercise the option on or before the last day of the lease holding that the presumption of a yeartoyear holdover tenancy applies even if the original lease contained a renewal option if the tenant fails to affirmatively exercise the option