Author Archives: Richard Magnone

A victory for landlords in the rent control fight

HB0255 defeated A number of sources, including Capital Fax, are beginning to report that Rep. Will Guzzardi’s HB0255 intending to repeal the ban on rent control has been defeated in committee.  Other bills remain in both the House and the … Continue reading

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Eviction Record Sealing Measure Advances

A few weeks back, I wrote about a senate bill intended to seal eviction records.  A similar measure was filed as HB2299.  NPR is reporting that the measure has passed out of committee.  This is a dangerous proposition for landlords.  … Continue reading

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Now tenants want eviction records sealed

Blinded by the Law Illinois State Senator Patricia Van Pelt, a Democrat representing Chicago’s in the 5th District, has proposed SB0077 which is a new attempt to pass legislation to seal eviction records.  This concept has popped up in the … Continue reading

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Breaking down the proposed Illinois Rent Control Act Part 3

Rent control will hurt landlords throughout Illinois. This article focuses on the rent control boards and their duties and powers

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Illinois Rent Control Act introduced by House Rep. Flowers

2019 introduction of Illinois rent control law would hurt most lessors and landlords

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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 … Continue reading

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Breaking down the proposed Illinois Rent Control Act Part 2

proposed Illinois landlord tenant legislation SB3512 attempts to impose rent control

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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 … Continue reading

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2019 State of Illinois Security Deposit Interest Rate Released

State 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 … 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 … Continue reading

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