Category Archives: Illinois

Landlord CALL TO ACTION on Rent Control

Chicago landlords and Illinois lessors need to act fast to comment on the Special Committee on Housing hearing regarding rent control repeal preemption act

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Rent control repeal seems to stall

After Chicago referendum to repeal Illinois rent control preemption act passed, repeal efforts against Illinois landlords stall

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Proposed law would seal most eviction cases

Legislative Alert! On February 13, 2018, Representative Emanuel Chris Welch introduced House Bill 4760 that proposes to seal all eviction records for the first 30 days after a case is filed and at various other points in the eviction process.  … Continue reading

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2018 State of Illinois Security Deposit Interest Rate Released

Well, better late than never, the Illinois Department of Financial and Professional Regulation, Division of Banking today (1/8/18) released the new interest rate for security deposits governed by the Illinois Security Deposit Interest Act.  That rate is

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2015 State of Illinois Security Deposit Interest Rate released

Illinois 2015 Security Deposit Interest Rate Announced The  Illinois Department of Finance and Professional Regulation Division of Banking has finally announced today the interest rate affecting the interest to be paid to tenants on security deposits subject to the Illinois … Continue reading

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Is the “Application Fee” in Danger?

Proposed Illinois law to regulate rental application fees Everyone knows the importance of tenant screening.  In order to offset the cost of screening “the right way”, many landlords collect application fees.  Now, Illinois lawmakers are getting ready to regulate these … Continue reading

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Medical Marijuana and the Illinois Landlord and Tenant

Illinois landlords face new questions in light of recently passed medical marijuana law

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2014 State of Illinois Security Deposit Interest Rate set

Illinois landlords need the 2014 security deposit interest rate for tenancies governed by the Illinois Security Deposit Interest Act

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Landlords beware: assessor can now crack down on wrongful property tax exemptions

The Illinois Legislature has passed an amendment, effective immediately, to the Illinois Property Tax Code adding a new section to the law at 35 ILCS 200/9-275.  The law, which has been long opposed by Illinois landlords, allows the county assessor … Continue reading

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How long will it be until Chicago landlords mimic San Francisco’s landlords?

Chicago landlords need to comply with lots of laws and many are selling instead of renting

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