2019 Chicago Security Deposit Interest Rate Released

2019 Chicago RLTO Interest Rate Stays the Same

The City of Chicago Comptroller, Erin Keane, has released the 2019 security deposit interest rate and, as expected, the rate for leases governed by the Chicago Residential Landlord Tenant Ordinance signed in 2019 is going to be Continue reading

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Early word on 2019 City of Chicago Security Deposit Interest Rate

2019 Interest Rate Sneak Peek

I don’t have official word yet (keep checking back here), but I have heard from a reliable source that the 2019 Chicago interest rate on security deposits held pursuant to 5-12-081 for rental agreements covered by the Chicago RLTO executed between January 1, 2019 and December 1, 2019 will Continue reading

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Lake County Illinois 2018-2019 Eviction Moratorium Starts Today

Lake County Eviction Holiday Delay

I don’t publicize it here too much because the bulk of our firm’s eviction work takes place in Cook County, but it is worth noting that the Lake County Sheriff has issued a moratorium on the enforcement of evictions beginning today, Continue reading

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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 examine in detail the proposed text of SB3512 (Amended 5/30/18).  Today, we will break down and examine sections 1 through 10 (really just three sections, so don’t worry, it’s not too much!). 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.  Rent control will undoubtedly shake all of the folks whose livelihood is related to the real estate world. 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. Continue reading

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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 – Patricia Van Pelt – Jacqueline Y. Collins, Kimberly A. Lightford, Martin A. Sandoval, Daniel Biss, Kwame Raoul, Antonio Muñoz and Omar Aquino) behind a plan (known as SB3512) to impose state-wide rent control get their way, they’ll be giving tenants the power to set rents. Continue reading

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What happened at the rent control meeting?

As I mentioned a few days back, there was a meeting in downtown Chicago of the Illinois Special Senate Committee on Housing to discuss rent control legislation.  So what happened?  Predictable things happened.  Community organizers and tenants’ rights advocates filled the room with folks with yellow signs demanding rent control.  Landlord and real estate agent activists spoke about the perils of rent control.  You can read all about it in an article published in Crain’s Chicago Business. Continue reading

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Landlord CALL TO ACTION on Rent Control

Act Now to Avoid Rent Control

The Chicago Association of Realtors has sent out a request that landlords join them in providing feedback to the Illinois Legislature this week on rent control.  The Illinois Senate Special Committee on Housing is holding a rent control hearing this Thursday September 27, 2018 at 9 am in room C600 at the Michael A. Bilandic Building – 160 N. LaSalle St., Chicago, Illinois, related to efforts in the Illinois legislature regarding establishing a statewide rent control policy.  The hearing is open to the public.  You can also submit a written statement via witness slip at the Senate website by clicking here. Continue reading

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Cook County Sheriff Eviction Procedure Update

Back in 2011 (wow, we have been blogging here for a long time!), I posted about the Cook County Sheriff’s eviction procedure page and how a landlord can know if an eviction is coming up.  Back then (and until recently), the Sheriff used to post a Sheriff Number and a District Number.  That has changed on the Sheriff’s website, so I thought it was worth providing a small update to that information.  Let’s take a look at the Cook County Sheriff’s eviction schedule website. Continue reading

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