Tag Archives: CRLTO

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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CRLTO Amended – New section 5-12-101 imposes new bedbug education requirements

As part of the recently passed ordinance to address bedbugs in Chicago, the Chicago Residential Landlord and Tenant Ordinance was amended to add a new disclosure requirement for landlords.  Brand new section 5-12-101 (this is based on the proposed ordinance … Continue reading

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Calculating security deposit interest payment on a one year lease per the CRLTO

Calculating the interest due a tenant on a security deposit held by a landlord pursuant to a tenancy governed by the Chicago Residential Landlord Tenant Ordinance should be simple enough, right?  It should be, however, because of the “high stakes” … Continue reading

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What happens when bedbugs move-in?

I was not planning on discussing bedbugs this week, however, in the wake of Orkin’s recent report that Chicago has the worst bedbug problem in the nation, the City Council of Chicago has proposed a new ordinance that would impose … Continue reading

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The 5 stages of “grief” for Landlords with CRLTO problems

The Kübler-Ross Model of the stages of grief deals with the feelings people experience in response to death or terminal illness. There are five stages: denial, anger, bargaining, depression, acceptance. There is no real “order” to the stages and many people … Continue reading

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Unciteable CRLTO cases

Every now and then, we come across “uncitable” orders filed pursuant to Illinois Supreme Court Rule 23(e), that deal with fundamental Chicago Residential Landlord Tenant Ordinance (RLTO) security deposit issues.  These are strange birds.  They are “out there” in the … Continue reading

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Why does CRLTO compliance matter for landlords?

I know.  Really, I know.  You hate the ordinance.  I hate it too.  I think it is poorly written, contains lots of ambiguities, and is certainly draconian.  The law leaves much room for improvement, however, landlords themselves have brought some … Continue reading

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Chicago landlords must identify security deposit bank

I have often told landlord clients that the Chicago Residential Landlord Tenant Ordinance is simple in pieces and complex as a whole.  There is no one provision of the ordinance that is unduly difficult to comply with.  However, the law … Continue reading

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Chicago landlords cannot leave tenants without heat and hot water

Today’s news demonstrates yet another high profile example of a landlord ignoring the law.  According to the Chicago Tribune, one Chicago landlord has notified its tenants that building repairs are expected to leave tenants without heat or hot water for … Continue reading

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2012 City of Chicago RLTO interest rate set!

As most readers of this blog know, the CRLTO requires that the Comptroller of the City of Chicago set the rate of interest for security deposits annually.  The new interest rate on security deposits under CRLTO governed rental agreements for … Continue reading

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