Author Archives: Richard Magnone

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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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 UPDATE: These provisions track with the newly introduced (Feb 9, 2019) House Bill 2192 introduced by State Representative Mary E. Flowers. This post is the very first in a series of articles that will … 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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