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This website is intended to provide general information about the eviction process and general landlord information for Illinois landlords, specifically in Chicago, Cook County, Lake County and DuPage County.
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Reda | Ciprian | Magnone, LLC
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Chicago, IL 60631
Tag Archives: keep chicago renting
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
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.
owners & landlords buying foreclosed residential rental property in Chicago have to comply with registration requirements of 5-14-060
Chicago landlords & investors need to know relocation assistance lease renewal & extension & rent control under 5-12-050 of Keep Chicago Renting
Protecting Tenants in Foreclosed Rental Property Ordinance notice requirements 5-14-040 21 days 7 days posting for foreclosed landlord
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
New Chicago law adds additional complexity to post-REO and REO transactions for foreclosures involving tenants
Many Chicago post foreclosure REO sales and purchases will be subject to new rules related to existing renters
Yesterday, the City of Chicago Housing Committee passed the Keep Chicago Renting Ordinance which will now go on to the City Council for a full vote. Before that, the committee is “holding” the ordinance to give lenders time to respond.
The revised Keep Chicago Renting Ordinance affecting tenants in foreclosure properties comes before the City Council Housing Committee May 1