Author Archives: Richard Magnone

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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2019 Chicago Security Deposit Interest Rate Released

2019 CRLTO Chicago RLTO Security Deposit Interest Rate

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Early word on 2019 City of Chicago Security Deposit Interest Rate

The City of Chicago Comptroller sets the 2019 security deposit interest rate for CRLTO leases under the RLTO

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Lake County Illinois 2018-2019 Eviction Moratorium Starts Today

The Sheriff of Lake County announces temporary delay of 2018-2019 evictions for the holidays

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Breaking down the proposed Illinois Rent Control Act Part 1

Let’s Read this Proposed Law Together This post is the very first in a series of articles that will examine in detail the proposed text of SB3512 (Amended 5/30/18).  Today, we will break down and examine sections 1 through 10 … Continue reading

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Amended version of Illinois Rent Control Act leaks…

I. Am. Shocked. I have been writing recently about the efforts to impose rent control on landlords in Illinois.  I think this is a topic of the utmost importance to landlords, real estate investors, real estate agents, and mortgage brokers.  … Continue reading

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Cook County Sheriff Eviction Moratorium for 2018 and early 2019

Holi-Delay The Circuit Court of Cook County entered a General Order 2018-03 on November 19, 2018 setting forth the annual eviction moratorium for Cook County Eviction Order enforcement.

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What will Illinois Rent Control Boards Look Like?

Tenants to get upper hand in fixing rents Would you let your children determine how much allowance they get?  Would Apple let you choose your price for a flashy new iphone?  No?  Well, if the Illinois State Senators (Mattie Hunter … Continue reading

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