Tag Archives: chicago

2016 Security Deposit Interest rate for Chicago

City of Chicago interest rate to be paid on Security Deposits under CRLTO remains unchanged The City of Chicago has released the new interest rate for 2016.  That rate, for security deposits under rental agreements governed by the Chicago Residential … Continue reading

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2015 Chicago Security Deposit Interest Rate

City of Chicago sets security deposit interest rate for 2015 Well, it’s that time of year when the City of Chicago sets its annual interest rate for security deposits.  For those residential rentals covered by the Chicago Residential Landlord Tenant … Continue reading

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When must a Chicago landlord provide a heating cost disclosure?

Tenants have a right to heating cost disclosures in Chicago Its still cold out and we are not done with winter yet, so I want to talk about the Chicago heating cost disclosure.  It’s the forgotten attachment in the landlord-tenant … Continue reading

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New Chicago Engery Consumption Law Passed and, guess what? Landlords must comply!

I don’t often miss major news, but today my good friend Sherwin Sucaldito, an excellent @properties agent, gave me a heads that the Chicago City Council just passed Chapter 18-14 of the municipal code of Chicago known as the Building … Continue reading

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New law says Chicago landlords must exterminate bedbugs

Prior to the enactment of the new Chicago bed bug ordinance, landlords were really only “obligated” to exterminate bedbugs when there were two or more units infested.  Now, the City leaves no doubt (although we are still awaiting the final … Continue reading

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Chicago passes new Bedbug ordinance

On June 5, 2013, in addition to passing foreclosure protections for tenants, the Chicago City Council passed a bedbug measure affecting residential landlords and tenants.  The new law amends a number of sections of the Municipal Code of Chicago, including … 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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2013 City of Chicago CRLTO Secuirty Deposit Interest Rate set

The Comptroller of the City of Chicago has issued its statement of the interest rate paid on passbook savings accounts, insured money market accounts and six month certificates of deposit at the commercial bank having its main branch located in … Continue reading

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Landlords, it is now “heating season”!

September 15 marks “heating season” for landlords who are responsible to provide heat for their tenants. A number of municipalities have heating ordinances.  Here is a small survey:

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Keep Chicago Renting Ordinance Text

We have obtained the text of the recently introduced “Keep Chicago Renting” Ordinance that would protect a tenant’s right to remain in a rental unit after a foreclosure.  A number of aldermen and the Cook County Sheriff are in support … Continue reading

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