As I discussed just a few days back, we will take a closer look at rental regulations in the suburbs of Chicago. The newest addition to the mix is the Village of Buffalo Grove’s Residential Rental Housing Program which was passed near the end of 2012 and is now in effect starting as of January 1, 2013. Established under the auspices of protecting the community’s health, safety, and welfare (that’s the justification given by most “home rule communities” [as defined by Article 7 Section 6 of the Illinois Constitution] that enact these kind of laws), the new program seeks to set minimum housing standards, stabilize residential areas, keep up housing conditions, and maintain property values.
Suburbs
Renting in the ‘Burbs
I devote quite a bit of time on this blog to looking at Chicago and state (Illinois) landlord-tenant issues. However, landlords in the northwest suburbs and Chicagoland in general should not think that they are left out in the cold. Yes, you suburban landlords have it much easier (at least most of you do) than the City of Chicago landlords. But, your care-free days may be coming to a close in this new regulation-heavy era.