Category Archives: foreclosure

Keep Chicago Renting Ordinance passing muster

Post-Foreclosure Landlords Beware The relatively new Keep Chicago Renting Ordinance (KCRO) was the subject of an appellate case, Wells Fargo Bank v. Volneat Vanette McCondichie, released on March 31, 2017.  Readers will recall that the ordinance requires the first party … Continue reading

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Pentalties for Noncompliance with Keep Chicago Renting

So, we’ve discussed notices, relocation assistance/rent control, and registration as we broke down the Keep Chicago Renting Ordinance.  Today, we will wrap things up by addressing the various ways the law allows for compliance and, more directly, non-compliance.

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Registration Requirements Under Keep Chicago Renting

Okay, so we have gone through the notice provisions and the relocation assistance portions of the brand new Keep Chicago Renting Ordinance.  Today, we will address the section of the law dealing with registration requirements for foreclosed rental properties under … Continue reading

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Relocation Assistance under Keep Chicago Renting

Welcome to day three of our series on the new Keep Chicago Renting Ordinance.  Yesterday, we discussed the various notices that needed to be provided under the new law.  Today, we will take a look at the provisions dealing with … Continue reading

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Notice Requirements for “Keep Chicago Renting”

Chicago’s new “Protecting Tenants in Foreclosed Rental Property Ordinance” consists of a number of parts.  The law applies to certain foreclosed properties within the City of Chicago.  Sections 5-14-020 and 5-14-030 help owners figure out if the law applies to … Continue reading

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Keep Chicago Renting Week

Per the City of Chicago Department of Buildings, the “Keep Chicago Renting” Ordinance has gone into effect as of September 24, 2013.  As such, the law deserves to be reviewed.  While it is pretty rare that the “everyday” landlord is … Continue reading

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Illinois enacts new tenant protections related to forclosure

On August 21, 2013, Governor Quinn signed into law a bill passed by the Illinois Legislature this past June providing additional protections to tenants affected by foreclosures.  The law amends the Illinois Mortgage Foreclosure Act and goes into effect in … Continue reading

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Appellate court recognizes tenant protections of Federal Protecting Tenants at Foreclosure Act

In a June 28, 2013 ruling, the second division of the Illinois Appellate Court for the First District reversed a lower court ruling granting summary judgment to a foreclosing bank evicting a tenant who had a bona fide lease.  In … Continue reading

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Rent control comes to Chicago. Council passes Keep Chicago Renting

Well, what is done is done.  The City Council overwhelmingly passed the “Keep Chicago Renting” law.  WBEZ reported that the Aldermen voted 45-4 in favor of the measure (text can be found here).  Affected tenants will have rights to rent … Continue reading

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City moves forward on “Keep Chicago Renting” Ordinance

The Chicago Tribune is reporting that the Keep Chicago Renting Ordinance has passed out of committee and will be voted on by the City Council on June 5.  The text of the ordinance has been changed slightly to reduce the … Continue reading

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