Breaking down the proposed Illinois Rent Control Act Part 3

What’s the Board going to be up to?

Now that State Representative Mary E. Flowers has re-introduced the Rent Control Act (this time in the State House of Representatives), it is important that we continue our breakdown of and commentary on this divisive and likely destructive proposed legislation.  I will no longer analyze the amended text of last years Senate Bill 3512 but will now be reviewing the proposed HB2192.  In this third part of our review Continue reading

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Illinois Rent Control Act introduced by House Rep. Flowers

Anti-Landlord Measure back on the table

It’s back.  On February 7, 2019, 31st district state Representative Mary Flowers introduced House Bill 2192 establishing the the Illinois Rent Control Act to the state legislature.  I have not yet made an exhaustive review of the legislative text, but it looks shockingly similar to the second version of the bill introduced to the State Senate last summer.  It’s not good and Continue reading

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Federal law provides servicemember’s families right to terminate lease

Relief for spouse of deceased militaryAs 2018 came to a close, the President signed a bill known as the Veterans Benefits and Transition Act that provides federal rental relief to a serviceperson’s survivors.  The provision, introduced by Illinois Congresswoman Cheri Bustos, amends the Servicemembers Civil Relief Act and provides some relief for the spouse of a deceased service person to terminate a lease.  The text of the provision is as follows: Continue reading

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Breaking down the proposed Illinois Rent Control Act Part 2

Digging a bit deeper

UPDATE: These provisions track with the newly introduced (Feb 9, 2019) House Bill 2192 introduced by State Representative Mary E. Flowers.  Changes in the law have been highlighted below.

Today, we will get back to making an examination of the proposed text of SB3512 (Amended 5/30/18). I want to quickly note that this bill is no longer pending before the Illinois legislature as a new legislative session began on January 9, 2019, but I would be surprised if the law was not reintroduced.  In this second part of our analysis, we will break down and examine sections 15 and 20. Continue reading

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Rep. Guzzardi introduces bill to allow rent control

He’s Baaaa-aack!

The 101st General Assembly began work yesterday (January 9, 2019) and on the first day in session, 309th district state representative Will Guzzardi (D) once again introduced House Bill 255 (HB0255) to repeal the Rent Control Preemption Act that prohibits the imposition of rent control laws in Illinois.  Continue reading

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2019 State of Illinois Security Deposit Interest Rate Released

2019 Illinois Security Deposit Interest RateState Rate Released

The folks at the Illinois IDFPR have finally issued a press release indicating the 2019 security deposit interest rate for leases of residential real property governed by the Illinois Security Deposit Interest Act which applies to lessors “of residential real property, containing 25 or more units in either a single building or a complex of buildings located on contiguous parcels of real property”.  Continue reading

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2019 Chicago Security Deposit Interest Summary Available

2019 CRLTO Interest Rate Summary

The City of Chicago has finally released the separate interest rate summary for Chicago RLTO governed leases for 2019.  Remember, Chicago landlords governed by the Chicago Residential Landlord and Tenant Ordinance are required by Section 5-12-170 of the RLTO to Continue reading

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2019 Chicago Security Deposit Interest Rate Released

2019 Chicago RLTO Interest Rate Stays the Same

The City of Chicago Comptroller, Erin Keane, has released the 2019 security deposit interest rate and, as expected, the rate for leases governed by the Chicago Residential Landlord Tenant Ordinance signed in 2019 is going to be Continue reading

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Early word on 2019 City of Chicago Security Deposit Interest Rate

2019 Interest Rate Sneak Peek

I don’t have official word yet (keep checking back here), but I have heard from a reliable source that the 2019 Chicago interest rate on security deposits held pursuant to 5-12-081 for rental agreements covered by the Chicago RLTO executed between January 1, 2019 and December 1, 2019 will Continue reading

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Lake County Illinois 2018-2019 Eviction Moratorium Starts Today

Lake County Eviction Holiday Delay

I don’t publicize it here too much because the bulk of our firm’s eviction work takes place in Cook County, but it is worth noting that the Lake County Sheriff has issued a moratorium on the enforcement of evictions beginning today, Continue reading

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