Rent

Breaking down the proposed Illinois Rent Control Act Part 3

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What’s the Board going to be up to?

Now that State Representative Mary E. Flowers has re-introduced the Rent Control Act (this time in the State House of Representatives), it is important that we continue our breakdown of and commentary on this divisive and likely destructive proposed legislation.  I will no longer analyze the amended text of last years Senate Bill 3512 but will now be reviewing the proposed HB2192.  In this third part of our review

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Breaking down the proposed Illinois Rent Control Act Part 2

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Digging a bit deeper

UPDATE: These provisions track with the newly introduced (Feb 9, 2019) House Bill 2192 introduced by State Representative Mary E. Flowers.  Changes in the law have been highlighted below.

Today, we will get back to making an examination of the proposed text of SB3512 (Amended 5/30/18). I want to quickly note that this bill is no longer pending before the Illinois legislature as a new legislative session began on January 9, 2019, but I would be surprised if the law was not reintroduced.  In this second part of our analysis, we will break down and examine sections 15 and 20.

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Breaking down the proposed Illinois Rent Control Act Part 1

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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!).

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Amended version of Illinois Rent Control Act leaks…

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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.

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What will Illinois Rent Control Boards Look Like?

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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.

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What happened at the rent control meeting?

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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.

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Alderman Moreno is back with a piecemeal version of his prior CRLTO amendments

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Ordinance unfairly targeting landlords about to be introduced

If you read this blog, you are certainly aware of the “Good Cause for Eviction” ordinance championed by first ward Alderman Proco Joe Moreno in May earlier this year.  Landlords came out in force and Alderman Moreno’s office decided not to introduce the ordinance and instead was going to put together a task force to look at the issues he was proposing.  Now, not more than three months later, it looks like he is ready to propose an amendment to the CRLTO that was contained in the Good Cause for Eviction ordinance.

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